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Key Points
Energy plans typically require a deposit upfront from customers who don’t meet the company’s credit threshold.
No-deposit light plans allow you to skip the deposit.
Call the number on your screen to speak with an energy expert to discover which option is best for you.
What is a no-deposit energy plan?
A no-deposit energy plan allows customers to sign up for a new energy plan without paying an upfront fee to begin service. Many standard electricity providers require you to pay an initial deposit, which they may hold onto for up to 12 months.
There are a couple of ways you can avoid paying a deposit for your energy plan in Texas:
You meet the credit requirements: Energy providers may waive the deposit if your credit score meets the provider’s credit threshold.
You choose a prepaid light plan: A prepaid plan is the most common no-deposit light plan. This option allows you to skip a deposit if you have low credit. Under this type of plan, you prepay for your electricity and can add more funds as needed.
Our experts’ top no-deposit, no-credit-check electricity picks
The experts at SaveOnEnergy picked our marketplace’s top two no-deposit electricity plans. Payless Power offers two options: a 6-month and 12-month prepaid electricity plan.
Payless Power plan details:
No credit check
No deposit
Requires a $40 minimum upfront payment to start service
30-day satisfaction guarantee: New customers can switch to a different Payless Power plan without paying an early cancellation fee within 30 days of enrollment.
With so many options available, finding the right energy plan can be challenging. Call the number on your screen if you need help choosing your next light plan. Our energy experts can answer all of your energy-related questions and sign you up for a new plan in minutes.
Please note: All rates above are accurate as of 12/12/2024, for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
Please note: All rates above are accurate as of 3/16/2025, 11:16:05 PM CDT for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
Shop no-deposit electricity plans in Texas
If a no-deposit energy plan sounds like a good fit for you, SaveOnEnergy can help you compare your options. We partner with trusted energy providers to bring you a variety of reliable options. Follow these steps to explore no-deposit electric plans available in your area:
Enter your ZIP code: We’ll show you the current electricity rates in your area. You can filter your results to browse plans from no-deposit light energy companies.
Choose your plan: Call the number on your screen if you need help choosing the best plan. One of our energy experts can walk you through your options, answer questions, and help you enroll. You can also sign up online in minutes.
Enjoy your energy plan: Once you sign up for a plan, your new provider will coordinate setup with your utility company. Many energy companies offer same-day connection if your home is equipped for remote setup. If you enrolled in a prepaid plan, you should also plan to top off your account each month or set up an automatic payment.
Light companies with no-deposit plans
SaveOnEnergy can help you discover light companies with no-deposit plans, same-day connections, and cheap energy rates. We partner with reputable energy providers in deregulated states to simplify the energy shopping process.
Budget-friendly electricity companies, such as Payless Power, provide options for prepaid and same-day electricity plans tailored to both residential and business energy consumers. Ensure that the provider you select offers a no-deposit electricity plan with terms that align with your preferences.
Prepaid energy plans allow you to pay for your electricity usage in advance and refill your account as needed. One benefit of a prepaid plan is that your electricity company won’t charge you for not meeting the credit threshold. Additionally, many prepaid electricity plans are month-to-month. This means you won’t be locked into a contract or pay early termination fees (ETFs).
Signing up for a prepaid electricity plan through SaveOnEnergy works just like signing up for any other plan. You can enroll online or call the number on your screen to speak with one of our energy experts, who can walk you through the process.
Once you fund your prepaid electricity account, you can begin service. Your electricity provider will alert you to refill your account when it runs low so you can keep the lights on.
Who should get a no-deposit light plan?
A no-deposit option, such as a prepaid electricity plan, may be best for your electricity needs if you’re in a time crunch or need a short-term solution. However, you may find a cheaper Texas electricity rate if you shop for a fixed-rate plan during periods of low energy demand. For this reason, we recommend a no-deposit electricity plan for customers who:
Want to avoid tying up money in a deposit
Have a tight budget
Would rather not sign a contract
Are living somewhere short term
Don’t meet most providers’ credit thresholds
How much is the deposit for other electricity plans?
Deposits for Texas energy plans vary by provider, credit history, and monthly electricity use. Electric company deposits can be as much as double the amount of your monthly electricity bill. However, you may not need to pay a deposit if you meet the required credit score threshold, which varies by energy provider.
You can save time by enrolling with an energy company on the SaveOnEnergy marketplace instead of contacting all the providers in your area. Our marketplace makes it easy to find an electricity plan that fits your budget and energy needs. Enter your ZIP code to learn about your area’s energy rates and plans.
No-deposit electricity plan FAQs
SaveOnEnergy does not run a credit check for no-deposit light plans. However, if you sign up for other plans, such as fixed-rate or variable-rate plans, our team runs a soft credit check. A soft credit check does not affect your credit score. However, if you want to avoid a credit check, a prepaid plan from Payless Power might be a good option for you.
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 best suits 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 can enjoy your new energy plan right away.
Call the number on your screen to speak with our energy experts. They can answer any questions regarding electricity plans and match you with the best option for your needs.
Ready to shop for an energy plan? Let’s get you taken care of. Call: 1 (855) 209-8145