No Deposit Electricity Plans in Texas

Get power today without upfront fees or credit checks.

What is No Deposit Electricity?

Payless Power understands the importance of keeping things simple. Our no-deposit electricity plans mean you can get started without a hefty upfront deposit — and with no credit check required, your financial history won’t hold you back from receiving the energy you need. Without the hurdle of credit history and coming up with hundreds of dollars upfront for a deposit, Texans can sign up for an electricity plan with instant approval that only takes a few hours. Whether you’re moving or simply want to switch energy providers without paying another hefty fee, no-deposit light plans provide an easy, fast, and affordable option.

Texas’s deregulated energy market means dozens of retail electric providers are vying for your business, but Payless Power is a Texas company that cares about Texans. Payless Power’s no deposit options let you choose a prepaid energy plan (also called a pay-as-you-go plan). Just like charging your battery to use a mobile device, customers “charge up” their Payless Power account by adding funds whenever they are able and using the electricity the funds covered.

Additionally, Payless Power’s no deposit electricity plans offer short-term, fixed-rate contracts up to 12 months and daily usage monitoring, providing customers with greater flexibility over their electricity bills.

What is the Cost of an Electricity Deposit in Texas?

The average Texas electricity deposit typically costs 20% of your annual bill or the equivalent of your first two months of expenses. This equates to about $350 based on the average annual cost of electricity in Texas, but it could be much more depending on home size. Some energy companies charge a flat deposit fee or set one based on your utility payment history and/or overall credit score. That means they could charge a higher deposit if you’ve lapsed on previous utility bills or have a low credit score.

Generally, deposit fees vary from the cost of one month’s electricity service fee to twice the average monthly residential electricity bill:

Small Apartment (~700 sq. ft): The deposit fee for a small apartment with an energy usage of about 750-kilowatt-hour per month is approximately $175.
Large Apartment (~1,000 sq. ft): The deposit fee for a large apartment with an electricity consumption of about 1000 kWh per month is roughly $233.
Small House (~1,200 sq. ft): For a small house with a consumption rate of around 1250 kWh per month, the deposit fee is around $292.
Large House (~3,800 sq. ft): A large house that consumes 2200 kWh per month will require a deposit fee of around $514.

You might be required to pay the deposit in lump sum or in monthly installments. For monthly installments, the fee will be added to your monthly bill until it’s fully paid. However, if you are late or default on the payment, you will be required to pay the deposit in full.

In contrast, Payless Power’s no deposit plans require no money down, except for a $40 connection balance that goes into your account and is used exclusively for your electricity costs.

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Benefits of a No Deposit Electricity Plan

You start saving right away when you sign up for a no deposit electricity plan with Payless Power. Other power companies may charge a steep sign-up/administration fee as “insurance” for you to pay on time. But these deposits are burdensome if you’re moving or have a tight budget with limited or no loan options. Your Payless Power electricity fee goes directly to your balance to pay for electricity. To see the minimal connection balance we require, simply enter your zip code!

No Credit Checks

Signing up for an electricity plan from Payless Power is like securing pre-approval without the stressful pre-approval process. With Payless Power’s no deposit electricity plans, people with little to no credit history or those with lapsed utility payments don't need to worry. The time and stress saved means you can focus on more important things.

Explore No Credit Check Electricity

Same-Day Connection

Our plans don't require time-consuming credit checks, speeding up the process from sign-up to lights on. Simply find a plan based on your zip code and call or enroll online (available outside business hours). You only need a working email address, phone number, and correct home address. In most cases, you will receive instant approval.

Enter Your Zip Code and Find a Plan

Flexibility (Pay-As-You-Go)

Instead of expensive month-end bills, you can control your payment date and method. Easily make your payments when your balance is low or schedule automatic payments on certain dates when it’s most convenient for you. You'll receive notifications when your balance is low, and phone, online, or in-person payment options are hassle-free.

Control Over Usage and Budgeting

Sign up for usage and low-balance alerts via text and email and take the power back into your hands. With daily updates, you can easily adjust your energy consumption or discover areas where energy is wasted so you can start to receive real cost savings. Because you get regular usage alerts and updates about your account balance, budgeting is made easy, and there are no surprises on your bill and no interrupted service.

Avoid Long Electricity Contracts

Our electricity plans are simple, with short contract terms of 12 months or less to put the power back in your hands and give you greater flexibility over your options. A fixed rate per kilowatt-hour (kWh) for the length of your contract allows for predictable pricing. Your bill only fluctuates based on your energy consumption, and if you find out you're moving or need another plan, our cancellation fees are minimal compared to most power companies.

How No Deposit Electricity Works in Texas

To sign up for a no deposit plan online:

Enter your zip code to see available plans for your area
Select a Prepaid/No Deposit plan
Begin enrollment via the online portal or by calling customer support
Enter your personal information
Activate your account by paying the small activation fee (this goes directly into your account balance)
Add funds to your account
Start receiving electricity within hours (same day)
Monitor your energy usage via text and email alerts
Reload your account balance as needed

No Deposit Electricity vs. Traditional Electricity Plans

Payless Power is one of the few electricity providers to offer both no deposit (or prepaid) and traditional (or postpaid) plans. This puts the power in your hands to choose which type of plan is best for you! Here are some common features of no deposit and traditional plans:

Service Areas in Texas

We offer no deposit electricity across Texas.

Based in Fort Worth, Texas, Payless Power is an electric service company supplying electricity to most parts of Texas’s deregulated areas, including Corpus Christi, Houston, Dallas, Plano, Lubbock, Killeen, Tyler, and other areas.

Enter your zip code to discover a plan that’s just right for you!

No Deposit Electricity Plans in Texas

Q: Do I need a credit check to sign up for a no deposit electricity plan?

No, Payless Power’s no deposit plans don’t require a credit check, so your credit history is never a barrier to your receiving power. Learn more about no credit check electricity here.

Q: How fast can I get electricity?

With Payless Power’s no deposit plans, you can start receiving electricity on the same day you sign up in most cases*! Just make sure your home is outfitted with a smart meter that can be remotely activated.

*Customer care hours are Monday – Friday, 9:00am – 5:00pm. Activation requests after 5:00pm may result in connection the following business day. Activations may occur on Saturdays. Customers who request activation on Sunday will be connected the following business day.

Q: What happens if I run out of balance?

If your balance hits 0, you will lose electricity service. To regain power, simply reload your account balance. You can also take advantage of our easy auto pay option to keep your electricity on without worrying about your account balance or interrupted service.

Get Started With a No Deposit Electricity Plan from Payless Power

Signing up is easy!

Start saving with a no deposit electricity plan with Payless Power — simply enter your zip code to discover a plan that’s just right for you!

What our customers are saying

See why our power customers say we're the best electricity provider in Texas!

Affordable and easy to make payments

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…

Christine M. in Killeen

Happy Customer

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…

Julia L. in Webster

Long term customer

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.

Kalandra H. in McKinney

About Payless Power

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 Texas electricity. We serve customers in over 400 deregulated communities in Texas with both traditional, postpaid plans on monthly billing cycles, and prepaid electricity that is pay-as-you-go with no deposit or credit check required.

We work with principal utilities throughout the state to provide electricity. The utilities are: Oncor in the Dallas and 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; and AEP North in Abilene and other North Texas communities.

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