The Surefire Way to Save on Electricity Costs

Beginning April 2025, Versant electricity customers in Maine will see an increase in their distribution rate. This recent change was approved by the Maine Public Utilities Commission after a detailed, yearlong review process. This will lead to a noticeable 8% increase to Versant customers’ electricity costs. If you’re a Versant customer, now is the time to reevaluate your monthly budget and explore alternative ways to reduce your energy expenses.

The easiest way to take control of your electricity costs and reduce expenses is by subscribing to Community Solar. This state program serves as a financial buffer for these increased distribution costs. By subscribing to Community Solar, you can counteract rising electricity expenses with a fixed 15% reduction on your Solar Credits, meaning that you’ll save up to 15% on your electric bills. This discount remains consistent regardless of rate hikes, ensuring that as your rates go up, the savings you get will increase proportionally.

Understanding the Impact

This transition to a new rate structure translates to an 8% increase on the total electric bill for Versant customers. For Mainers who use 750 kWh per month—the increase is $198 per year. Those averaging 1,000 kWh per month will see an annual rise of $264. If you have or are thinking about getting an electric heat pump, that can easily add 1,000 kWh or more to your monthly usage. Electric vehicles require about an average of 408 kWh per month to charge.

How Community Solar Combats Rising Costs

Community Solar subscribers can expect to pay $0.85 for every dollar of solar energy produced by their share of the solar farm. This allows them to maintain a level of financial savings and security. In this way, Maine’s Community Solar program effectively functions as a hedge against persistent rises in electricity costs.

Share the Savings with Friends and Neighbors

Community Solar is available to homeowners, renters, businesses–almost anyone who pays an electric bill. By referring a friend or family member to join Community Solar, both you and the person you refer will receive a $100 Visa gift card. It's a win-win situation that helps more Mainers manage their Versant bills. Current customers can visit their Ampion portal to access their referral links.

With Versant Power's distribution rate change now in effect, there's an urgency to explore viable options to mitigate the financial impact on your household budget. If you're not already subscribed to Community Solar, there's no better time to join and start reaping the benefits.

For those already taking advantage of Community Solar, sharing the savings with your community can help spread financial relief and sustainability. Don't let rising electricity rates take you by surprise—embrace Community Solar and help create a more stable and sustainable energy future for Maine.