Learn if a no-deposit light plan is right for you.
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Many electricity providers require customers to pay a deposit to begin service if they do not meet a credit threshold. To offer an opposite route, some providers specialize in no-deposit light plans that allow customers to skip the upfront fee. Unlike standard fixed-rate and variable-rate plans, no-deposit options don’t require passing a credit check. Keep reading to learn about no-deposit light plans on our marketplace.
Prepaid energy plans allow you to prepay for your monthly electricity. Under this type of plan, you preload your account with funds to begin service. Once your light plan starts, you can reload your account whenever you need to. Your energy provider will update you regularly about your account usage to help you manage your energy costs.
Choose Energy is a free marketplace that can help you find no-deposit, no-credit-check light plans. In Texas, the top no-deposit plans on our marketplace are Payless Power’s prepaid plans. Review the details of these plans and call our experts to sign up today.
| Plan Name | Plan Length | Rate |
|---|---|---|
| Payless Power - 6 Month - prepaid | 6 months | $0.201 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.201 / kWh |
Please note: All rates above are accurate as of 4/03/2025, 9:14:04 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.
The simplest way to avoid paying a deposit is to seek out a prepaid energy plan. However, there are a few other qualifications that may help you avoid the upfront cost:
The Choose Energy marketplace is a one-stop shop to explore your options and sign up for no-deposit electricity plans. We’ll run a soft credit check, which won’t affect your credit score, to help you find cheap energy companies offering prepaid plans.
Top no-deposit, no-credit-check providers in Texas include Payless Power, Acacia, BKV, and more. Our energy experts recommend exploring plans from Payless Power due to its flexible, low-cost options.
Payless Power is popular across Texas and offers multiple solutions for residents seeking cheap light plans. Here are some perks for this provider:
Payless Power will also set up your electricity the same day you sign up for a plan. All you need to do is make sure you have a smart meter and sign up before 5 p.m. CST. This service is not offered on Sundays.
The main downside to no-deposit plans is that they typically charge a higher rate for electricity than fixed-rate options. If you value finding the cheapest plan for your home or business, it may be worth paying the deposit for a fixed-rate plan to secure a lower rate. Enter your ZIP code on our free marketplace to explore today’s cheapest options.
Some light companies offer no-deposit plans to households within a certain income threshold. You may need to provide documentation proving you meet this requirement before enrolling. Other common deposit exemptions include customers over the age of 65, members of the military, and customers with extenuating medical conditions.
No-deposit electricity is a category of energy plans similar to fixed-rate and variable-rate plans. There are a few ways an energy plan can be considered “no-deposit,” including if your credit score exempts you from paying a deposit. Prepaid electricity plans are a common type of no-deposit option where you pay for a portion of your energy upfront instead of paying a deposit.
You must sign a contract to lock in your electricity rate for Payless Power’s plans on Choose Energy. Our marketplace offers two options: a six- or 12-month plan. You should always review a plan’s Electricity Facts Label (EFL) to understand the details before signing up.
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