GITNUX MARKETDATA REPORT 2024

Statistics About The Average Electricity Cost For Small Business

The average electricity cost for a small business is estimated to be around $550 per month.

In this post, we will explore various statistics related to electricity costs for small businesses across different states in the U.S. From average monthly bills to cost per kilowatt-hour, these statistics provide valuable insights into the financial impact of energy expenses on small businesses. Dive in to discover how electricity costs vary widely based on location and industry, shedding light on an important aspect of operational expenditures for small business owners.

Statistic 1

"The average monthly electricity bill for small businesses is approximately $667."

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Statistic 2

"In the U.S, the average price of electricity for commercial customers was about 10.66 cents per kilowatt-hour in 2020."

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Statistic 3

"Energy costs can make up around 19% of total expenditures for typical small businesses."

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Statistic 4

"The average kWh cost in Connecticut, the state with the highest electricity rates for businesses, is 17.24 cents."

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Statistic 5

"Louisiana, with the lowest electricity rates for businesses, costs 8.16 cents per kWh on average."

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Statistic 6

"Small businesses in the gaming industry can see average monthly bills of around $1327."

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Statistic 7

"The average cost per kWh of electricity for small businesses in Idaho is approximately 9.84 cents."

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Statistic 8

"The average cost per kilowatt-hour for small businesses in Alaska is around 19.36 cents."

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Statistic 9

"In Texas, the average monthly bill for small businesses is around $667."

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Statistic 10

"Hawaii has the highest average commercial electricity rate of 32.46 cents per kWh."

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Statistic 11

"The electricity costs for small businesses in California is around 17.97 cents per kilowatt hour."

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Statistic 12

"The average cost per kWh of electricity for small businesses in Michigan is approximately 15.34 cents."

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Statistic 13

"Small businesses in Washington State have an average electricity cost of around 9.47 cents per kWh."

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Statistic 14

"Electricity expenses can amount to 3-7% of the operating expenses for small businesses."

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Statistic 15

"Small businesses in New York experience average electricity costs around 15.97 cents per kilowatt-hour."

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Statistic 16

"For Florida, the average electricity cost in 2021 for small businesses is approximately 10.71 cents per kWh."

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Statistic 17

"In Illinois, the average electricity cost for small businesses runs around 10.27 cents per kWh."

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Statistic 18

"Pennsylvania averages around 11.10 cents per kWh for small business electricity costs."

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Statistic 19

"In Oregon, the average cost per kilowatt-hour for small businesses is around 10.66 cents."

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Statistic 20

"The average monthly small business energy bill in North Carolina is around $647.10."

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In conclusion, small businesses across various states in the U.S. face a diverse landscape of electricity costs, ranging from as low as 8.16 cents per kWh in Louisiana to as high as 32.46 cents per kWh in Hawaii. On average, small businesses can expect to allocate around $667 per month towards electricity expenses, representing approximately 19% of their total expenditures. The gaming industry stands out with particularly high average monthly bills of around $1327. Understanding these regional variations and industry-specific trends is crucial for small business owners to effectively manage their operating costs and make informed decisions regarding energy usage and efficiency.

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