Employment
1,565
Total employees (Census CBP)
Utilities ·NAICS 221116
NAICS 221116 · IRS SOI 2023 · Census CBP
Geothermal Electric Power Generation - Industry Benchmarks
$127,334/yr average annual pay, with 1 SBA loans on record for NAICS 221116.
- 2.6%
- Utilities sector margin
- 2K
- Workers employed
- $127,334/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 221116
Utah leads Geothermal Electric Power Generation activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Utilities sector runs a 2.6% net margin.
- 2.6%
- Utilities sector margin (IRS SOI)
- 2K
- Workers employed (Census CBP)
- $127,334/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Benchmarking Insights for Geothermal Electric Power Generation
Geothermal Electric Power Generation sits inside Utilities, a sector that runs a 2.6% net margin overall.
48 establishments employ 1,565 workers (32.6/location) at $127,334/yr average annual pay. Utah leads employment.
Avg Payroll / Employee
$127,334/yr
Annual compensation
Establishments
48
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 230; establishment count increased by 4. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $199.3M
- Avg Employees per Establishment
- 32.6
Top States by Employment
| State | Employment |
|---|---|
| Utah | 72 |
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
1
Total Loan Volume
$0M
Avg Loan Size
$150K
Jobs Supported
3
Program Breakdown
7(a) 1 (100%)
504 0 (0%)
Top SBA Lender
First Bank of the Lake
1 loans in this industry
New Business Share
0.0% of borrowers were new/startup businesses
Frequently Asked Questions
How profitable is Geothermal Electric Power Generation?
IRS SOI doesn't publish margin data at the NAICS 221116 level. Utah leads this industry nationally. The broader Utilities sector runs a 2.6% net margin (IRS SOI 2023).
How many businesses are in Geothermal Electric Power Generation?
48 business establishments. Together they employ 1,565 workers.
What is the average payroll per employee in Geothermal Electric Power Generation?
$127,334/yr average annual pay per employee. Businesses average 32.6 employees per establishment.
Which states have the most Geothermal Electric Power Generation employment?
Utah leads with 72 workers.
How much SBA lending does Geothermal Electric Power Generation receive?
Geothermal Electric Power Generation businesses received 1 SBA loans totaling $0 million between FY2020 and FY2026. The average loan size was $150K. These loans supported 3 jobs at origination. Most lending (100%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 1% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Geothermal Electric Power Generation
- No margin data, check the parent industry. Browse Utilities
- 48 establishments, 1,565 workers. Payroll benchmarks
- 1 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 221116 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.