Powered by LevrNAICS 221116: Geothermal electric power generation
NAICS 221116 is the industry code for geothermal electric power generation. Use it on loan applications, tax forms and registrations. Explore financing for energy services and start your application when you are ready.
What 221116 covers
Businesses classified here generate electricity from geothermal heat and sell it to the grid.
Included in this code
- Geothermal power plants
- Binary cycle geothermal generation
- Flash steam geothermal plants
Not this code
- Geothermal heat pump installation: see 238220 Plumbing, heating, and air-conditioning contractors
- Drilling geothermal wells for others: see 213111 Drilling oil and gas wells
Businesses that use 221116
Financing for this trade
Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history.
Apply for funding with AIIs 221116 the right code for a geothermal power producer?
Yes, if your business generates electricity from geothermal heat. The code for geothermal heat pump installation is 238220. Pick the code that matches the activity earning most of your revenue, and use that same code on your tax return, loan applications and SBA forms so lenders see one consistent picture.
What is the SBA size standard for 221116?
The SBA size standard for 221116 is 250 employees. A business at or under that headcount, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Employees are averaged across all pay periods over the past 24 months, including part time and temporary staff.
What financing do geothermal power producers use?
Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 221116 cover?
Geothermal electric power generation. Industry level code in NAICS 2022, under 22 Utilities, 221 Utilities, 2211 Electric power generation, transmission and distribution, 22111 Electric power generation.
What financing do NAICS 221116 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for energy services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 221116?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.