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Versant Power Salary

Versant Power Salary

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As of September 2026, the average hourly salary for employees at Versant Power in the United States is $51. This translates to an approximate annual wage of $105,427. Salaries at Versant Power typically range from $45 to $57 hourly, reflecting the diverse roles and experience levels within the company.
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Is Versant Power’s Pay Competitive? Salary Benchmarking Analysis

How does Versant Power's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Scandrill Inc $54
+6.0%
Reflects structural premiums typical of Scandrill Inc's large-cap national operations.
Agc Field Operations LLC $60
+17.7%
Supported by Agc Field Operations LLC's high-margin contracts allowing higher overhead.
FranklinWH Technologies Co $69
+37.0%
Data suggests FranklinWH Technologies Co's workforce skews heavily towards veteran, high-tenure roles.
SSE Thermal $56
+9.8%
Driven by niche technical certifications required for SSE Thermal's specialized projects.
Energy & Utilities Industry $63
+23.4%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Versant Power and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Versant Power. Click a company name to learn more.

Employee Reviews: Working at Versant Power

Considering a career at Versant Power? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
I feel like my contributions are recognized, and that motivates me daily. However, changes are often to roll out, even when needed urgently. It’s not a bad job, but it lacks inspiration or emotional connection to the work we do. We stay aligned on goals, and initiatives around sustainability and safety are implemented thoughtfully. , there's a strong sense of teamwork across field operations, engi...
Commented in May 14, 2025
45
0
The leadership team provides clear direction and listens to feedback. Outreach programs, disaster response efforts, and educational initiatives make a real difference. Transparency and accountability from leadership. Tasks are repetitive but manageable. Working here has given me a sense of purpose, knowing we contribute to essential services that power communities. No surprises, just clarity. It's...
Commented in January 28, 2025
37
0
It’s a quiet place to work with limited distractions. Regular training programs and upskilling initiatives are offered. Communication is streamlined, and roles are respected.
Commented in February 15, 2024
35
1

Versant Power Overview

Website
www.versantpower.com
Founded In
2014
Employees
200 - 500 employees
Industry
Energy & Utilities
Headquarter Address
PO Box 932 Bangor Maine ME 04402
Revenue
$200 Million - $500 Million
Phone Number
+1 2079732000
Social Media
About Versant Power
Versant Power is a regulated electric transmission and distribution utility serving customer accounts in northern and eastern Maine. They are based in Bangor, Maine.

What Benefits Does Versant Power Offer Beyond Salary?

A competitive compensation package is more than just a salary. Versant Power offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Bangor?

Understanding the cost of living near Bangor is key to truly evaluating a salary offer or your current compensation at Versant Power.
Bangor's Cost of Living Index is approximately 90.3 (9.7% less expensive than US average; 11.0% less than ME average). Central ME city, regional hub, affordable housing. Community Connector bus. When planning your budget based on a salary from Versant Power, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Versant Power salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (Community Connector monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,550+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Versant Power

1. How much does a Versant Power employee make?

Versant Power pays its employees an average of $51 per hour. The average salary at Versant Power range from $45 to $57 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Versant Power?

The salary at Versant Power is lesser than the similar company. The average annual salary at Versant Power is $105,427, or an hourly wage of $51, in comparison to Scandrill Inc which pays $111,788 per year or $54 per hour.

3. How much does a President & Chief Operating Officer typically earn at Versant Power?

A President & Chief Operating Officer at Versant Power typically earns an average hourly base salary of around $229, with a general range of $180 to $290.

4. Do employees with advanced degrees (Master's, PhD) earn more at Versant Power?

In many roles at Versant Power, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Bangor affect the perceived value of a Versant Power salary?

Bangor's Cost of Living Index is approximately 90.3 (9.7% less expensive than US average; 11.0% less than ME average). This significantly impacts the purchasing power of a salary from Versant Power based there. Our "Cost of Living Insights for Bangor" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Versant Power typically offer employees?

Versant Power generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Versant Power" section on this page.

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