Renewable, low-cost energy.
If your business needs lots of power you’ll love Washington State. We offer businesses the largest coordinated hydroelectric system in the world. Nearly 75% of our power is derived from the many rivers that flow through the state and the state’s legislature has mandated that 100% of all energy be derived from clean power sources by 2045. Energy costs can run as low as 2.88¢ per kWh and average 4.13¢ per kWh statewide for industrial customers, some of the lowest rates in the nation.
In addition to hydroelectric, wind and solar energy, Washington State offers competitively priced natural gas, delivered via pipeline from British Columbia and Alberta, Canada. Additional sources of natural gas are also being explored, as is the ability to manage our power grid for maximum efficiency, stability and reliability, allowing seamless load balancing to ensure uninterrupted and consistent flows of energy.
Industrial energy rates are 38.1% lower than the U.S. average*
Commercial rates are 17% less than the national average*
Residential energy rates are nearly 20% less than the U.S. average*
Looking to the future, Washington continues to lead the way in innovative energy research as well as production and management strategies, including an aggressive goal to derive 100% of the state’s energy needs from clean energy sources by 2045.
This bold vision of a carbon-neutral future will require the industry to bring new ideas to the table and to the market, not only in clean energy production, but storage, grid management and infrastructure. This work will benefit greatly from the state’s reputation for its expertise in software, hardware and cloud computing as well as advanced materials that increase reliability and reduce per kilowatt costs.
A sensible energy policy designed for business.
Forward thinking firms, especially those with manufacturing concerns or data centers, have significant energy requirements that can strain traditional power grids. Washington State is proud of our legacy of being an energy powerhouse, offering businesses the affordable power they need, when and where they need it.
Washington has also put in place incentives for businesses that want to utilize or produce alternative energy.
- Companies who are generating electricity using fuel cells, sun, wind, biomass, tidal, wave or geothermal energy, anaerobic digestion or technology that converts otherwise lost energy from exhaust or landfill, are eligible for sales and use tax exemptions.
- Businesses, local government entities and even individuals are encouraged to produce their own power and can apply for reimbursement for the energy produced through the state’s innovative renewable energy cost recovery and incentive payment program.
Choose Washington for all your low cost energy needs.
Your business can gain the competitive edge by reducing energy costs while gaining access to a stable, scalable power grid. Our energy experts, power producers and regional business partners have extensive experience in working with businesses that have significant power requirements.
Low cost energy that is plentiful and stable is just one reason why businesses Choose Washington. If your business needs lots of power, contact one of our business experts right now!
* Source: U.S. Energy Information Administration