The best information on surges and surge protection I have seen is at:
http://www.lightningsafety.com/nlsi_lhm/IEEE_Guide.pdf
- "How to protect your house and its contents from lightning: IEEE guide for surge protection of equipment connected to AC power and communication circuits" published by the IEEE in 2005 (the IEEE is a major organization of electrical and electronic engineers).
And also:
http://www.nist.gov/public_affairs/practiceguides/surgesfnl.pdf
- "NIST recommended practice guide: Surges Happen!: how to protect the appliances in your home" published by the US National Institute of Standards and Technology in 2001
The IEEE surge guide is aimed at people with some technical background.
Where is protection provided by that UPS? View its spec numbers. How does it hundreds of joules make harmful transients (hundreds of thousands of joules) irrelevant? It doesn't. Manufacturer does not make protection claims in spec numbers. Manufacturer can claim 100% protection in advertising. Subjective claims are quite legal. Dishonest but legal.
Nonsense.
Francois Martzloff was the surge expert at the NIST, wrote many published technical papers and also the NIST surge guide. One of his technical papers investigated how much energy can reach the MOVs in a plug-in protector. Branch circuits were 10m and longer, and surges coming in on power wires were up to 10,000A (which is the maximum probable surge, as below). The maximum energy was a surprisingly small 35 joules. In 13 of 15 cases it was 1 joule or less. Plug-in protectors with much higher ratings are readily available.
One reason the energy is so small is that at about 6,000V there is arc-over from the service panel busbars to the enclosure. After the arc is established the voltage is hundreds of volts. Since the enclosure/ground/neutral are connected to the earthing system that dumps most of the incoming surge energy to earth. (Earth/earthing used because of the inherent ambiguity of "ground".)
A plug-in protector connected correctly (see below) is very likely to protect from a very near very strong lightning strike. With high ratings (far above 35 joules) it is likely to never fail. That is why some manufacturers can have protected equipment warranties.
(Neither plug-in or service panel protectors work by absorbing a surge. They do absorb some energy in the process of protecting.)
Real 'high-end' protectors, instead, have one essential feature. The short and dedicated wire to earth. Any protector without that short connection to single point earth ground is the low end protector - no matter how much you paid for it.
Plug-in protectors do not protect primarily by earthing a surge. The IEEE surge guide explains (starting page 30) that they work by limiting the voltage from all wires (power and signal) to the ground at the protector. The voltage between wires going to the protected equipment is safe for the protected equipment.
Both the IEEE and NIST surge guides say plug-in protectors are effective.
When using a plug-in protector all interconnected equipment needs to be connected to the same protector. External connections, like cable, also must go through the protector. Connecting all wiring through the protector prevents damaging voltages between power and signal wires. The NIST surge guide suggests most equipment damage is from high voltage between power and cable/phone/... wires.
You might use plug-in protectors on expensive equipment, particularly if it has both power and external signal wires.
Protection increases when a protector is earthed - the 'whole house' protector.
A service panel protector is a real good idea.
But from the NIST surge guide:
"Q – Will a surge protector installed at the service entrance be sufficient for the whole house?
A – There are two answers to than question: Yes for one-link appliances [electronic equipment], No for two-link appliances [equipment connected to power AND phone or cable or....]. Since most homes today have some kind of two-link appliances, the prudent answer to the question would be NO – but that does not mean that a surge protector installed at the service entrance is useless."
A service panel protector does not, by itself, protect from high voltage between power and phone/cable/... wires.
If there is a large surge current to the earthing system, the "ground" at the building may rise thousands of volts above 'absolute' earth potential. Much of the protection is a system where all wires (power/phone/cable/...) rise to together.
Another Martzloff technical paper looked at the maximum surge that was likely on power service wires to a house. The maximum was 10,000A per wire (which is mentioned in the IEEE surge guide). That is based on a 100,000A lightning strike to a utility pole next to the house with typical urban overhead distribution. It is, for practical purposes, the worst case.
The IEEE surge guide recommends a minimum rating of 20,000 to 70,000A, or for high lightning areas 40,000 to 120,000A (per hot wire). The protector will not be hit with those surge amps, they just mean the protector will have a long life. A service panel protector is very likely to protect anything connected only to power wires.
Then the rare and destructive transient does not overwhelm superior protection already inside every appliance.
"Every appliance" does not include surge protection. When included it is not "superior".
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Martzloff also investigated transmission line effects (reflections) on branch circuits. Branch circuits are not likely to be long enough in homes for reflection effects. They may be long enough in commercial/industrial.