I use the same box in my house. It is Square D part number QO4-8M6DS-GP. Home Depot carries it. I have one 30 A
240 volt load breaker for the furnace/air conditioning (takes up 2 of the available positions), and the other two are duplex 120 volt 15 A breakers feeding four "critical" circuits in the house.The interlocked main breakers in the transfer panel eliminate the possibility of backfeeding the utility or damaging your generator.
Installing this is simple. Just mount it next to your main panel, feed its mains side breaker from a 60 amp breaker in the service panel, feed the generator breaker from the generator, and move the load wires from their breakers in the main panel to the new load breakers in the new panel. It took me less than half an hour to mount and wire it. It is just like any other simple residential wiring project. You do not have to pull the meter to install it.
Now there *is* another sort of transfer panel. This type goes between your utility meter and your service entrance panel. That one would cost lots more, and you'd have to pull the meter to install it safely (requiring a permit for a reconnect in this jurisdiction). That's probably the $1000 solution the electrician was quoting.
But a 7500 watt generator isn't going to be able to carry a 200 amp service panel anyway, so you don't want that sort of transfer switch. The little 60 A Square D transfer panel is perfect for this sort of job.
Gary