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Key Points
- Energy plans typically require a deposit upfront from customers who don’t meet the company’s credit threshold.
- Some no-deposit electricity plans allow you to skip the deposit.
- With a prepaid no-deposit plan, you can recharge your account balance as needed to keep your service online.
- Enter your ZIP code on SaveOnEnergy to explore options available in your area.
No-deposit electricity plan FAQs
SaveOnEnergy runs a soft credit check — which doesn’t affect your credit score — for all providers. However, electricity companies with prepaid no-deposit options don’t set a credit threshold, so you won’t undergo a full credit check from your prepaid electricity provider.
Payless, Acacia, BKV, Amigo and other electricity providers have prepaid plans that do not require a deposit.
Payless Power offers six-month and 12-month prepaid energy plans on our marketplace. You can choose the plan that makes the most sense for your energy needs and budget.
Some providers, like Payless Power, offer same-day connection if your house has a remotely activated smart meter. Once you have completed the enrollment process, you may be able to enjoy your new energy plan right away.
Our energy experts can help advise you about no-deposit electricity plans. We can handle questions about plan terms, providers, and whether a no-deposit plan is right for you. Call the number on your screen to speak with an expert today.