Versant Power Electricity Rate: $0.32/kWh
Versant Power currently charges $0.32 per kilowatt-hour for residential electricity in Maine. That's 90% above the national average of $0.17/kWh, costing the typical household about $3,456 per year.
Current Rate
$0.32/kWh
Annual Cost
$3,456
vs National
+90%
Solar Savings
$112k
What This Means for Your Electric Bill
At $0.32/kWh, a typical Maine household using 900 kWh per month pays approximately $288/month or $3,456/year for electricity alone.
High Rate Alert
Versant Power's rate of $0.32/kWh is significantly above the national average. Homeowners in this service area see some of the strongest returns from solar installation.
With solar, an 8kW system producing approximately 9,600 kWh annually could offset $3,072/year in electricity costs. Over 25 years with 3% annual rate increases, total savings reach an estimated $112,003.
Solar Savings Calculator for Versant Power
See how much solar could save you at Versant Power's current rate of $0.32/kWh.
$2,400
10.3 yr
$87,502
100%
Based on Versant Power rate of $0.32/kWh, 1,200 kWh/kW annual production, $3.10/W system cost ($24,800 total), no federal tax credit (Section 25D expired Dec 2025), 3% annual rate escalation, 0.4% panel degradation. Cash purchase assumed.
Heat Pump Operating Cost on Versant Power
At $0.32/kWh, here is what a cold-climate heat pump costs to run annually in ME compared to oil.
$2,496/yr
~7,800 kWh/year
$3,200/yr
ME average household
$704/yr
22% less than oil
Heat pump estimate assumes COP 3.0 cold-climate unit, typical ME heating/cooling load.Oil cost based on EIA state-average residential prices. Actual costs vary by home size, insulation, and climate zone.
Tired of Paying $0.32/kWh?
Versant Power customers can lock in solar savings today. Get a personalized estimate based on your actual roof and usage.
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