What is the Gexa Eco Saver Plus plan?
If you’re searching for an affordable green energy plan, the Gexa Eco Saver Plus plan may be a good fit for you. With this fixed-rate plan from Gexa Energy, you can lock in a low rate for 12 or 24 months. This electricity plan is best if you use 1,000 kilowatt-hours (kWh) or more because you’ll earn a $125 credit toward your bill, which offsets the total cost. Keep reading to learn more about the Gexa Eco Saver Plus plans to decide if it’s a good option for you.
- Best for: Small and medium homes
- Plan type: Fixed-rate
- Contract length: 12 or 24 months
- Early termination fee: $150 or $295
- Renewable percentage: 100%
- Bill credit: $125 when you use at least 1,000 kWh a month
Gexa Eco Saver Plus rates
When you sign up for the Gexa Eco Saver 12 or 24 plan, you may be able to save money on your energy bills. Based on data from the Energy Information Administration (EIA), the average electric rate in Texas is 14.47 cents per kWh, while Gexa’s rate is currently 11 cents per kWh. However, the price differs by usage level and location. The 11 cents per kWh hour rate is only when you use between 1,000 and 1,999 kWh. If you use less or exceed the range, you will pay a higher rate per kWh. Here’s how the costs differ in cents per kWh by location and usage amount before applying a bill credit.
| Locations | 500 kWh | 1,000 kWh | 2,000 kWh |
|---|---|---|---|
| Houston, Katy | 24.4 | 11.4 | 17.5 |
| Arlington, Corpus Christi, Dallas, Fort Worth | 23.9 | 11.0 | 17.1 |
Pros of the Gexa Eco Saver Plus plan
By signing up with Gexa Energy, you’ll be enrolled with a top provider in Texas — the company earned a 4.9 out of 5 in our Texas electricity provider reviews. With over 20 years in the Texas market, Gexa Energy has built a reputation for reliability and competitive pricing. Consider the following benefits of the Gexa Eco Saver Plus 12 and 24 when comparing electricity plans in Texas.
Save money on energy
When you sign up for the Gexa Eco Saver Plus, you may be able to save money on your electricity bills. That’s because Gexa’s prices are typically cheaper than the average electric rate in Texas. You could save hundreds of dollars annually by opting for an electricity plan in the 1,000–1,999 rate tier from Gexa.
Reduce your carbon footprint
While your home may not directly receive renewable power, Gexa Energy purchases Renewable Energy Credits (RECs) on your behalf to match your electricity usage. This means you lower your carbon impact and support renewable energy efforts in Texas by offsetting usage with green energy sources.
Satisfaction guarantee
If you cancel a fixed-rate energy plan before the end of the contract, you’ll usually pay an early termination fee. However, if you’re a new Gexa Energy customer, you can sign up and try a plan for 60 days. If you’re unsatisfied within two months of enrollment, you can cancel or switch your plan without paying any fees. The satisfaction guarantee provides peace of mind to ensure Gexa Energy supports your home’s energy needs.
Cons of the Gexa Eco Saver Plus plan
While you can reduce your carbon footprint with a Gexa Energy plan, you’ll want to understand any potential downsides before signing a contract.
Energy usage
The Gexa Eco Saver Plus 12 and 24 plans are affordable for small and medium homes. However, any usage below 1,000 kWh or above 2,000 kWh could lead to higher bills because the rates for these tiers are higher. Review past electricity bills to find your average usage and determine if it fits within the low-rate level.
Cancellation fees
You can cancel your plan before the end of the contract term, but you will pay an early termination fee (ETF) unless you’re moving out of Gexa’s service area. You can find the exact fee for your plan listed on the Electricity Facts Label (EFL). The ETF costs $150 for the Gexa Eco Saver Plus 12 and $295 for the 24-month option.
Limited long-term savings
A low-rate green energy plan saves money in the short-term, but installing solar panels in Texas may offer greater long-term savings and benefits. If you buy a solar panel system that covers your entire usage, you could save thousands each year on electricity costs after you break even on the installation price.
Is the Gexa Eco Saver Plus right for me?
The Gexa Eco Saver Plus is best for small- and medium-sized households who want to save money and support green energy. If you plan to stay put for two years, consider the Gexa Eco Saver Plus 24-month plan to lock in a low long-term rate. Sign up today using the following steps.
- Enter your ZIP code. Explore available plan options in your area. You can filter by the provider to only display Gexa Energy plans.
- Compare rates. Review plans and compare rates based on your average electricity use.
- Sign up instantly. Once you find a plan you like, sign up online or over the phone. Your energy provider will handle the transition without power interruption.