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Let Payless Power Be Your No Deposit Electric Company
Moving can be stressful and expensive, including the cost of setting up electricity in your home. Many power companies require pricey deposits and a lengthy credit check process. You pay hundreds of dollars for an administration fee, then wait for the company to approve and connect your electricity.
In Texas, Payless Power offers a better way — we are a no-deposit electric company that offers plans with no credit checks. And for those who aren’t moving and simply want to switch retail electricity providers without paying another hefty fee, no deposit plans provide an easy, affordable transition.
In addition to no deposits, Payless Power’s prepaid electricity plans offer instant approval, regardless of credit history, and require no credit check or lengthy paperwork. How easy is that? Read more on why no deposit, no credit check electricity is the convenient, affordable solution for your household.
The average cost of a utility deposit in Texas is typically 20% of your annual bill, or the equivalent of your first two months of expenses. This equates to about $300 based on the average annual cost of electricity in Texas, but could be much more depending on the size of your home or apartment. Some companies charge a flat deposit fee or they set a fee based on your utility payment history and/or overall credit score. That means you could be charged a higher deposit if you’ve lapsed on previous utility bills.
In contrast, Payless Power’s no deposit plans are just that: No money down except the minimal connection balance that goes into your account and is used directly for electricity costs.
With Payless Power’s no deposit options, you can choose a prepaid electricity plan, also called a pay-as-you-go plan. Just like charging your battery to use a mobile device, customers “charge up” a Payless Power account by adding funds first, then using the electricity that’s already paid for. As one customer noted, it’s simple: “Pay money, get power.” You can pay by phone, online, or in person with a credit card, check, or cash.
Our Prepaid Electricity Plans Can Put You On The Path to Huge Savings Today!
Enroll today, regardless of income or credit history.
Get same-day power connection for your home with no deposit required!
Receive daily balance and usage notifications via text, email, or both.
We provide an easy-to-use online portal that lets you take control of your payments and usage.
Here Are A Few Of The Many Reasons a No-Deposit Prepaid Plan Might Be Right For You
You start saving right away. Other companies may charge hundreds of dollars in sign-up/administration fees as a sort of “insurance” for you to pay on time. But if you’re moving or have a tight budget with limited or no loan options, these deposits are burdensome. You may never get your deposit back, and it’s often dependent on if you’ve had a year of positive payment history. A year is a long time without hundreds of dollars for other bills. Again, your Payless Power prepaid electricity fee goes directly to your balance to pay for electricity. Enter your zip code to see the minimal connection balance required — it’s much less than deposits that you may never see again!
Signing up for a prepaid electricity plan is like securing pre-approval without being subject to the stressful pre-approval process. If you’re just starting out with little to no credit history, or if hard times resulted in lapsed utility payments, you don’t need to worry with Payless Power’s no credit check electricity plans. The time and stress saved means you can focus on more important things, like unpacking and getting to know your new city.
The power is back in your hands! Instead of expensive month-end bills, you can control your payment date and method. Easily make a payment when your balance is low or schedule automatic payments on certain dates. For example, make your payments when it’s convenient to other household bills, payday, or as often as needed. You’ll receive notifications when your balance is low, and payment options via phone, online, or in person are hassle-free. Prepaid electricity plans are not not just for those with poor credit history, either. Savvy residents who want to monitor and control their electricity costs without the shock of a big bill at the end of the month can also benefit.
Our electricity plans are simple with short contract terms (12 months or less) that don’t lock you into a long-term plan that’s not right for you. With a set rate per kilowatt-hour for the length of your contract, you have predictable pricing. Your bill only fluctuates based on your energy consumption. And if you find you’re moving or need another plan, our cancellation fees are minimal compared to most companies.
Getting Started Is Easy
Signing up for a Texas electricity plan is easy with the Payless Power customer portal. Just enter your zip code to explore the plans. Simply choose the amount of electricity you need and load a minimum balance to start your service. Whether you select auto pay or another pay as you go option, you can optimize your savings by conserving energy and staying on top of your costs without the worry of a big end-of-the-month bill.
At Payless Power, the initial cost of an electricity account is $40, which goes directly toward your balance. According to data from the US Energy Information Administration, customers who use Payless Power’s services have been found to have an electric bill that is 27% lower than the average Texas customer’s. Pay as you go electricity plans make bill pay easy and can help you reduce your usage and save you money.
Yes! No deposit electricity is available in Texas, with many companies and plans to choose from due to the state’s deregulated energy market. No deposit plans don’t require a pricey fee to connect your electricity, and any money paid in advance goes directly toward the cost of electricity.
No deposit electricity plans allow customers to connect electricity without a hefty administration fee, which is required by most traditional plans. With no deposit electricity, your initial balance goes directly toward the cost of powering your home. No deposit plans are sometimes called prepaid electricity (or pay-as-you-go) plans, as you pay in advance for your electricity use.
The benefits of no deposit electricity are clear: 1) No expensive upfront fees are required for connection, and your initial balance goes toward the cost of electricity. 2) You get instant approval with no credit checks required, meaning fast connection. 3) No deposit prepaid plans offer convenient, flexible payment options, as you pay in advance for power so you’re not surprised by huge bills at the end of the month. 4) You save money initially with no deposit down and every month by adjusting your usage, with daily power consumption and account balance updates.
If you have a poor credit history and need power quickly without a large upfront payment or lengthy approval process, no deposit electricity may be right for you. Consider if you need flexible payment options with your paycheck schedule and other household bills. Decide if you want an autopay option or can manage your payments with notifications when your balance gets low.
No, Payless Power prepaid electricity plans require no deposits or credit checks! All you need is a Texas address (whether you rent or own), a smart meter (already in a majority of Texas homes), a payment method, an initial balance (which isn’t a deposit) that goes toward your actual electricity costs, and an online account where we send your usage statements.
Electricity deposits in Texas are typically one-fifth of your estimated annual electric bill or the total of your estimated bills for the next two months – equating to hundreds of dollars up front! Not all electricity companies require a deposit, however; Payless Power’s no deposit plans allow you to start saving right from the start.
It depends. Some companies offer no deposit plans with contract terms from 3 months to several years that lock in your rate per kilowatt-hour (kWh) for the length of the term. Other companies offer no deposit plans with variable month-to-month rates, where the price per kWh fluctuates. A termination fee is often required for contracted plans, but locking in at a lower rate means savings and predictability.
Some Texas companies require a credit check for no deposit plans, while other retail electric providers do not. With Payless Power’s no deposit prepaid electricity, you can get automatic approval without a required credit score or utility payment history.
Many no deposit plans mean quick service, including same-day connection. Without a long approval process or credit check, no deposit plans require little time or money up front. If you sign up early in the day and have a smart meter (in most Texas apartments and homes), then connection could be as quick as 4 to 6 hours. If you sign up after business hours, service may be delayed until the following operational day.
It depends on two things – the company’s criteria and if they operate in the area of your new address. Many companies do not allow you to transfer a no deposit plan due to local electricity rates, but can create a new account at your new address. For companies like Payless Power, early termination fees are minimal and no deposit plans are available throughout most of Texas.
See why our power customers say we're the best electricity provider in Texas!
I was worried about getting electricity for my home through a prepaid company. I was calling around to see different rates then going through all the hassle of credit checks while dropping points each…
I have been with this company for several years and have been very happy since. Even when I moved, they made my usually stressful situation very easy and carefree. I recommend them to everyone that I…
I have enjoyed the service for 2 years now. In the beginning this service was planned to be temporary but with the service being so effective for me i decided to keep it for the long haul. I’m a happy customer.
Payless Power wants to be your Texas electric company.
Whether you live in a large city or small town, Payless Power can save you money on your electric plan! From traditional plans, where you pay at the end of the month, to prepaid, no credit check, no-deposit plans, we have options designed to meet your budget and lifestyle. Payless Power services customers in more than 400 deregulated communities in Texas and works with principal utilities throughout the state. The utilities are Oncor in the Dallas / Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; AEP North in Abilene and other North Texas communities.
