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What AI costs

Colocation pricing by market

What high-density colocation costs across 16 U.S. markets, per kilowatt per month. Two pricing engines: high-density colo for 30 to 100 kW racks, and AI factory space for 150 to 250 kW direct-to-chip racks. Power is priced at the delivered retail cost in each market, built line by line from the utility's current tariff. A market index, not a SAVRN quote.

16U.S. markets priced on the same deployment
18utility tariff stacks behind the power line
29filed AI leases behind the benchmarks

1400
13% annual escalator20
0$250 each / mo60
0$200 / hour200
$/kWh
All-in, per kW of IT per month, year 1
$0/kW-mo
Base rent
$0
Power
$0
Per rack per month
$0
Deployment per month
$0

What makes up the price

Term average
$0
per kW-month
Total contract
$0
Power share
0%
of year-1 all-in

Delivered power cost

What a 25 MW data center load at 85% load factor pays per kWh, at the highest voltage the tariff offers

Checked against

Power prices in SEC filings

    Most filed prices come from bitcoin miners on interruptible power, net of credits for switching off. A data center that cannot curtail pays the firm rate.

    Price by rack density

    Market conditions

    Add-ons quoted on top of rent

    Cross-connects
    $150 to $400 per connect per month
    Remote hands
    $150 to $350 per hour, often 30-60 min minimum
    Setup / installation
    $500 to $5,000 per rack, one time
    Liquid-cooling fit-out (if tenant-funded)
    $1M to $3M per MW of IT
    Power take-or-pay minimum
    60% to 85% of contracted kW
    Security deposit / letter of credit
    3 to 12 months; up to $10.7M per MW in large AI leases

    Sources: LA County license (2026), Iron Mountain GSA schedule, Colocation Scout, Core Scientific and IREN 8-Ks, CBRE H1 2026, AEP Ohio tariff, Bitdeer 6-K.

    Power by state

    Average delivered price, all utilities, 2026 through July (EIA). Utility rows: Form EIA-861, 2024
    Largest utilities by business salesGridTWhIndustrialCommercial

    All markets, same deployment

    What large AI tenants pay

    Filed 15-20 year leases quote a low base rent, but tenants also pay power, operating costs, cooling fit-out and credit support. These rebuild the full cost from each filing.

    BenchmarkBase rent, $/kW-moAll-in, $/kW-moBasis

    Reference prices by market

    All-in $ per kW of IT per month, year 1, landlord-delivered cooling · high-density: 50 kW x 20 racks · AI factory: 250 kW x 40 racks
    MarketPower priced fromDelivered power, per kWhHigh-density coloAI factory
    West Texas AI campus (Abilene / Midland) *AEP Texas (Abilene) plus ERCOT West supply5.54¢$226$231
    Dallas-Fort WorthOncor delivery plus ERCOT North supply5.09¢$227$234
    Columbus, OHAEP Ohio delivery plus wholesale supply7.98¢$235$238
    Charlotte, NC *Duke Energy Carolinas7.09¢$241$246
    North Dakota (Ellendale) *Montana-Dakota Utilities8.18¢$248$252
    ChicagoComEd delivery plus hourly wholesale supply7.50¢$257$263
    AtlantaGeorgia Power9.46¢$264$267
    U.S. averageAll U.S. utilities9.03¢$271$275
    Los Angeles / SoCalSouthern California Edison13.09¢$280$279
    Reno, NVNV Energy North (Sierra Pacific Power)7.82¢$274$280
    Portland / HillsboroPortland General Electric11.53¢$280$282
    Salt Lake CityRocky Mountain Power6.84¢$278$287
    Northern VirginiaDominion Energy Virginia9.95¢$291$296
    PhoenixArizona Public Service8.36¢$296$304
    Imperial Valley, CA *Imperial Irrigation District14.36¢$307$305
    Silicon ValleySilicon Valley Power (Santa Clara)15.93¢$380$384

    How the index is built

    Sources and full method

    Markets marked * use a neighboring market's rents. Power is read from published tariffs, not utility quotes. This index describes the market; it is not an offer from SAVRN.

    Figures in U.S. dollars per kW of critical IT load per month unless noted. Power stacks read Oct 10, 2026.