Electricity Incentive Rate
The City of Lake Worth is pleased to offer a special program in order to attract jobs to Lake Worth. The Economic Development Electricity Incentive Rate Program ties a discounted rate for commercial electric to job creation within municipal boundaries.
In order to qualify for the Economic Development Electricity Incentive Rate:
The new discounted electrical load rate is applicable to new business establishments, commercial or industrial space that has been vacant for more than one month, and the expansion of existing establishments. The program is not available for load shifted from one location to another.
Year 1: 23.6% reduction to be credited in Year 2
Year 2: 20% reduction to be credited in Year 3
Year 3: 15% reduction to be credited in Year 4
Year 4: 10% reduction to be credited in Year 5
Year 5: 5% reduction to be credited in Year 6