Do you have a model #? I thought those magnum energy inverters where big $$$$. I did see one Xantrex unit - the Prosine 2.0 - that has a 2kw inverter, charger (100A) and auto transfer circuits, but even that was over $1200... and way overkill for small backup needs. Probably need over 500Ah of battery to feed that beast.
The cheapest I found was this....
(broken link removed to http://www.westmarine.com/webapp/wcs/stores/servlet/Product_11151_10001_93823_-1?ci_src=14110944&ci_sku=93823&cid=scooglepla&gclid=CM_Sr-r3srMCFUWo4AodKRQAzQ#.UJUgZYXP8uw)
but I don't really need auto-transfer...let alone to pay that much...just blue skying different ideas.