Large language models (LLMs) have revolutionized the state-of-the-art of many different natural language processing tasks. Although serving LLMs is computationally and memory demanding, the rise of Small Language Models (SLMs) offers new opportunities for resource-constrained users, who now are able to serve small models with cutting-edge performance. In this paper, we present a set of experiments designed to benchmark SLM inference at performance and energy levels. Our analysis provides a new perspective in serving, highlighting that the small memory footprint of SLMs allows for reaching the Pareto-optimal throughput within the resource capacity of a single accelerator. In this regard, we present an initial set of findings demonstrating how model replication can effectively improve resource utilization for serving SLMs.