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Key Points
- Energy plans typically require a deposit upfront from customers who don’t meet the company’s credit threshold.
- No-deposit light plans allow you to skip the deposit.
- Call the number on your screen to speak with an energy expert to discover which option is best for you.
No-deposit electricity plan FAQs
SaveOnEnergy does not run a credit check for no-deposit light plans. However, if you sign up for other plans, such as fixed-rate or variable-rate plans, our team runs a soft credit check. A soft credit check does not affect your credit score. However, if you want to avoid a credit check, a prepaid plan from Payless Power might be a good option for you.
Payless, Acacia, BKV, Amigo and other electricity providers have prepaid plans that do not require a deposit.
Payless Power offers six-month and 12-month prepaid energy plans on our marketplace. You can choose the plan that best suits your energy needs and budget.
Some providers, like Payless Power, offer same-day connection if your house has a remotely activated smart meter. Once you have completed the enrollment process, you can enjoy your new energy plan right away.
Call the number on your screen to speak with our energy experts. They can answer any questions regarding electricity plans and match you with the best option for your needs.