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Get a Free QuoteFull Retail Rate credits at $0.2218/kWh · Maine · Residential cap 25kW
$0.22/kWh
Credit Rate
25 kW
Residential Cap
$10.35
Min Monthly Bill
annual
Credit Rollover
Last updated: 2025-01-01
Versant Power (ME) customers earn $0.2218/kWh per kWh through full retail rate net metering credits — dollar-for-dollar against your retail rate. Credits roll over and expire annually with anniversary date annual true-up (excess at avoided cost). The typical Versant Power customer with a 8kW system saves $1,969.68 per year.
Net metering lets you earn credits for surplus solar energy sent back to the grid. Here is how it works with Versant Power.
Solar panels are installed on your roof or property and wired to an inverter.
Your system is interconnected with the utility grid through a bidirectional meter.
Panels produce electricity throughout the day, powering your home first.
A smart meter measures electricity flowing both to and from the grid in real time.
Excess energy sent to the grid earns credits that offset your future electric bills.
All current residential rate schedules relevant to net-metered solar customers. Understanding your rate schedule is critical for accurately estimating savings.
| Plan Name | Rate | Fixed Charge | TOU Available | Peak Rate | Off-Peak Rate |
|---|---|---|---|---|---|
| A Residential | $0.2218/kWh | $10.35/mo | No | — | — |
Based on a typical Versant Power household using 900 kWh/month with a 8kW system generating 740 kWh/month.
Estimated Annual Savings
$1,969.68
$164.14/month average
Your credits depend on system size, utility, and local rates.
Calculate My SavingsResidential Cap
25 kW AC
Commercial Cap
5 MW AC
Interconnection Fee
Free ($0)
Application Timeline
3-5 weeks
Permit Required
Yes, local building permit required
Inspection
Utility inspection required before PTO
Meter Type
Bidirectional smart meter
Minimum Monthly Bill
$10.35
Versant Power rebranded from Emera Maine in 2020 and continues under ENMAX ownership
Net energy billing rates updated for 2026 following Maine PUC standard offer changes
Northern Maine solar adoption increasing despite shorter solar season
Community solar options expanding in Versant territory
Some third-party sources may still display outdated net metering data for Versant Power. The information on this page is sourced directly from utility filings and verified as of 2025-01-01.
What Versant Power customers need to know about net metering in 2026.
Versant Power credits solar exports at 100% of the retail rate ($0.2218/kWh) under Maine net energy billing.
Versant Power serves approximately 162,000 customers in northern and eastern Maine, including the Bangor and Presque Isle areas.
Versant was formerly known as Emera Maine and is now owned by ENMAX Corporation (a Calgary-based utility).
Northern Maine has slightly shorter solar production seasons but adequate irradiance for cost-effective solar installations.
Excess credits at annual true-up are paid at the avoided cost rate (~$0.045/kWh).
The $10.35 monthly customer charge is lower than CMP, keeping unavoidable costs moderate.
No interconnection fee is charged, and Maine sales tax exemption applies to solar purchases.
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Common questions about Versant Power net metering.
Last Verified
2025-01-01
Methodology
Rate data and policy details are sourced directly from Versant Power's published tariff schedules and interconnection standards. We verify this data monthly against utility filings and update the page within 48 hours of any confirmed policy change.
See how much you can save with Versant Power net metering credits at $0.2218/kWh. Our Maine solar experts will design a system optimized for your utility rate plan.