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An electricity plan deposit is an upfront payment that your energy provider may require to activate your service. When you sign up for energy in Texas, most light companies run a soft credit check to learn if you meet their credit requirements. If your credit score is below the minimum, you’ll typically have to pay a deposit. This payment can be equivalent to two months’ worth of energy bills and is typically held for 12 months, which could be a significant burden for many customers.
The good news: Choose Texas Power partners with no-deposit energy companies, offering our customers a way to skip the upfront cost and credit check. Enter your ZIP code to explore no-deposit electricity plans in Texas.
Payless Power is a popular Texas energy company that offers two plans to help you skip the upfront deposit. Here’s what you need to know about these plans:
Enter your ZIP code or call our team to explore these plans today.
There are a few ways to get no-deposit and no-credit-check electricity. Consider which option is best for you.
The most common type of no-deposit electricity plan is a prepaid plan. These plans allow you to pay for your electricity in advance, rather than after the fact. Unlike a deposit, which doesn’t cover your electricity usage, payments on a prepaid plan go directly toward your electricity costs. You’ll receive notifications about your energy usage, and you can add more funds when your account runs low to avoid any service interruptions. Some providers, like Payless Power, will also let you skip the credit check with this type of plan.
Most providers waive the energy deposit for shoppers who meet the provider’s credit threshold. This option requires a soft credit check, which doesn’t affect your credit score, to determine if you qualify for the waiver.
Enter your ZIP code on Choose Texas Power to compare plans and learn if you qualify.
Some providers may offer a low-deposit option for those who don’t meet the credit threshold but still want to minimize upfront costs. These plans require a smaller initial deposit than standard ones, making them a more accessible option for customers with fair or poor credit. While low-deposit plans still require a modest upfront payment, they may be more cost-effective than paying the full deposit or prepaying for electricity.
Electricity bill deposits can cost up to two months’ worth of service, or one-sixth of your annual electric bill. For many Texas customers, that upfront expense could be over $300. Light companies with no-deposit options can help you avoid spending hundreds of dollars before your service even begins.
You may qualify for a no-deposit plan based on the following factors:
Before signing up for a no-deposit plan in Texas, consider the following benefits and drawbacks to determine if it’s a good fit.
Texas residents in many deregulated cities can shop for no-deposit, no-credit-check power plans on our marketplace. Explore our top options across Texas utility companies.
| Payless Power - 6 Month - prepaid | 6 months | $0.180 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.180 / kWh |
Please note: All rates above are accurate as of 3/14/2026, 3:12:41 PM CDT for ZIP Code 77032. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
CenterPoint Energy serves the Houston metropolitan area and surrounding towns, including Pasadena, Baytown, Sugar Land, Pearland, Katy, Galveston, and The Woodlands. Residents in these cities can choose a no-deposit electricity provider.
| Payless Power - 6 Month - prepaid | 6 months | $0.182 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.182 / kWh |
Please note: All rates above are accurate as of 3/14/2026, 3:12:41 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.
Oncor Electric Delivery transports power to residents in Dallas, Fort Worth, Frisco, Irving, Duncanville, McKinney, and Grapevine. Shoppers in these areas who want to skip a deposit can shop prepaid plans on our marketplace.
| Payless Power - 6 Month - prepaid | 6 months | $0.189 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.189 / kWh |
Please note: All rates above are accurate as of 3/14/2026, 3:12:41 PM CDT for ZIP Code 78411. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
AEP Texas Central serves customers in southern and central Texas, including Corpus Christi, McAllen, Harlingen, Victoria, and Laredo. Explore no-deposit plans in these areas.
| Payless Power - 6 Month - prepaid | 6 months | $0.191 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.192 / kWh |
Please note: All rates above are accurate as of 3/14/2026, 3:12:41 PM CDT for ZIP Code 79563. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
Residents in northern Texas, including Abilene and San Angelo, receive electricity from AEP Texas North and can compare no-deposit plans on Choose Texas Power.
| Payless Power - 6 Month - prepaid | 6 months | $0.180 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.180 / kWh |
Please note: All rates above are accurate as of 3/14/2026, 3:12:41 PM CDT for ZIP Code 77573. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
Communities around the Gulf Coast and West Texas, including Texas City, Friendswood, Dickinson, League City, and Lewisville, can compare no-deposit plans on our marketplace. Residents in these areas receive their electricity from Texas-New Mexico Power regardless of which provider they choose.
Prepaid, no-deposit plans do not usually require credit checks. For instance, Payless Power does not run credit checks for its no-deposit electricity plans, though this varies depending on the provider’s policy.
It depends on which provider and plan you choose. Payless Power’s prepaid options require a contract to lock in your electricity rate for six or 12 months. The contract includes an early termination fee of $49 if you cancel before it expires.
You may be able to transfer your no-deposit service to a new address. The first step is to check whether your no-deposit light company offers service in your new location. If it does, you’ll need to contact the provider to transfer your service. If you’re moving outside your provider’s service area, you’ll need to switch energy plans.
Our team of Texas energy experts specializes in matching customers with the right plan. Call the number on your screen to speak with a member of our team. They can help answer your questions, explore cheap electricity options with no deposit, and match you with the best fit.
Let us put the power in your hands with a new electricity plan.
