Electricity rates › Maine

Maine electricity rates

Homes in Maine pay an average of 24.3¢ per kWh, 47% above the US average, and use 550 kWh a month. Maine ranks #8 of 51 for residential electricity prices.

24.3¢average price per kWh

550 kWhaverage use per month

$134average monthly bill

#8 of 51price rank (1 = most expensive)

Residential rates by utility in Maine

Utility	¢/kWh	ZIP codes served
Central Maine Power Co	27.5	338
Versant Power	27.7	224
Eastern Maine Electric Coop	16.8	40
Town of Madison	15.0	5
Houlton Water Company	11.4	3

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Maine?

At 24.3¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $243. A system that covers the average Maine home would replace about 6,600 kWh a year, roughly $1,603 of electricity at today’s prices.

5.2 kWsystem for an average home (13 panels)

$15,600rough installed cost

$1,603electricity saved per year

~10 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Maine home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).