Moving to a new home in Texas brings many decisions, and your electricity service is one that can significantly impact your budget. This comprehensive checklist will help you navigate the process smoothly and avoid common pitfalls that cost Texas movers hundreds of dollars annually.
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Understanding Your Options When Moving
When you move within Texas, you have two choices for electricity service:
Many Texans automatically transfer their current service without realizing their energy needs may have changed. Different-sized homes, new appliances, and lifestyle changes all affect electricity usage and costs. Taking a few minutes to compare options could save you $100 to $250 annually.
Texas law allows you to cancel your current electricity contract without penalty when moving, giving you the freedom to choose the best option for your new situation.
Two Weeks Before Moving
Review your current electricity situation Look at your recent bills to understand your current rate and average usage. This baseline helps you make informed decisions about your new service.
Research electricity needs for your new home
Apartment to house moves typically double electricity usage
Adding a pool increases usage by 600-800 kWh monthly
Home offices and electric vehicles impact consumption
Schedule your service changes Contact your current provider to schedule disconnection one day after your move-out date. This buffer protects against unexpected delays.
Check for deposit refunds If you paid a deposit with your current provider, confirm the refund process and timeline.
One Week Before Moving
Compare electricity options for your new address The best plan for your current home may not suit your new one.
Factors to consider:
Size difference between homes
Changes in your daily schedule
New appliances or features
Current market rates versus your existing rate
Order service for your new home
Schedule connection for your move-in date
Same-day service often available if ordered before 2 PM
Save confirmation documents (required by many apartment complexes)
Understand the Texas electricity market structure
Retail Electric Providers (REPs) handle your billing and customer service
Transmission and Distribution Utilities (TDUs) maintain power lines and handle outages
You choose your REP; your TDU is determined by location
Moving Day Essentials
Verify the electricity connection Check that power is active upon arrival. If not, contact your provider immediately – same-day connections are often still possible.
Locate important equipment
Circuit breaker panel (typically in garage, utility room, or exterior wall)
Electric meter (usually outside near the AC unit)
Note your TDU name on the meter for future outage reporting
Set efficient temperature settings Texas-appropriate thermostat settings can significantly impact your bill:
Summer cooling: 78°F when home, 82-85°F when away
Winter heating: 68°F when home, 62-65°F when away
First Week in Your New Home
Set up your online account
Enable automatic payments to avoid late fees
Configure usage alerts to monitor consumption
Download your provider’s mobile app for convenient access
Register for outage notifications Contact your TDU (not your electricity provider) for outage updates:
Oncor (Dallas/Fort Worth): Text REG to 66267
CenterPoint (Houston): Text REG to 66268
AEP Texas (Corpus Christi/Valley): Text REG to 66277
Monitor initial usage patterns Check your daily consumption after 3-4 days to establish a baseline:
Texas is a unique example of innovation and controversy in the ever-evolving energy market landscape.
Recent extreme weather events have again thrust the Texas power grid into the spotlight, with electricity prices swinging dramatically from negative territory to nearly triple the 2020–2024 averages.
Understanding these market dynamics as a consumer is important, so let’s examine what’s happening and what it means for Texans.
Key Takeaways
Texas recently experienced dramatic electricity price swings from negative (when generators paid to stay online during wind oversupply) to triple the average rates during extreme weather, highlighting the volatility of ERCOT’s independent grid system.
Despite criticism of its isolated grid, Texas leads the nation in wind energy capacity and ranks second in solar, with renewables sometimes providing up to two-thirds of the state’s electricity needs.
Most Texas consumers on fixed-rate plans are insulated from short-term wholesale price fluctuations, though these market dynamics ultimately influence future electricity rates offered by retail providers.
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The Price Rollercoaster
According to a detailed report from S&P Global Commodity Insights, Texas experienced significant power price volatility due to a combination of extreme wind conditions and cold weather.
This isn’t uncommon for ERCOT (Electric Reliability Council of Texas), the grid operator that manages about 90% of Texas’s electricity load.
Two distinct phases characterized the dramatic price swing:
January 5, 2025: Exceptionally windy conditions led to a surge in wind energy generation, pushing prices deeply into the negative. Systemwide hub real-time prices averaged minus $10.98 per megawatt-hour (MWh), with prices remaining negative for 17 hours.
January 6-10, 2025: A severe cold front followed, causing temperatures to plummet and electricity demand to spike as heating systems worked overtime. ERCOT’s North Hub day-ahead on-peak prices jumped to $44.50/MWh for January 6 and then to $82.75/MWh for January 8-10—nearly triple the 2020-24 average of $24.25/MWh for the same period.
Despite the dramatic headline about tripled prices, one commenter pointed out that this still amounted to approximately 8 cents per kWh—remaining competitive with many other markets.
Understanding Negative Electricity Prices
You might be wondering: how can electricity prices go negative? It seems counterintuitive that power generators would pay others to take their electricity, but this happens regularly in Texas.
Negative pricing occurs when:
There’s an oversupply of electricity (as seen on January 5 with exceptionally high wind generation)
Demand is low (typically overnight or during mild weather)
Some generators find it more economical to pay to stay online than to shut down
For many power plants, especially nuclear and some coal facilities, the shutdown and restart process is expensive and time-consuming.
The Federal Production Tax Credit Effect
Wind farms often continue producing even at negative prices primarily due to the federal Production Tax Credit (PTC). This tax incentive, established by the Energy Policy Act of 1992 and recently extended by the Inflation Reduction Act of 2022, provides wind generators with approximately 2.7 cents per kilowatt-hour produced.
This creates a unique economic situation: even when market prices drop to negative values, wind farms can remain profitable up to a point. For example:
If electricity prices are -1¢/kWh but the PTC provides 2.7¢/kWh, a wind farm with 1¢/kWh operating costs still nets 0.7¢/kWh in profit
Wind farms typically remain operational until prices fall below approximately -1.7¢/kWh (the break-even point where the PTC no longer offsets the negative price plus operating costs)
Additionally, wind farms have other financial considerations that encourage continued operation during negative pricing:
Wind turbines have near-zero marginal costs once operational
Stopping and starting turbines causes wear and tear, increasing maintenance costs
Many wind farms operate under Power Purchase Agreements (PPAs) that may guarantee minimum payments regardless of market price
In Texas, with its nation-leading wind capacity, negative pricing events have become increasingly common when strong winds coincide with low demand periods. The January 5 event was particularly notable, with prices remaining negative for a full 17 hours.
Texas’s Unique Energy Landscape
Texas holds a distinctive position in the American energy ecosystem:
The Independent Grid
Unlike most states, Texas operates its own power grid largely isolated from the rest of the country. This independence stems from a desire to avoid federal regulations that come with interstate power transmission.
This isolation has both supporters and critics:
Supporters argue: It allows for faster innovation, less regulatory burden, and a competitive market that has yielded lower average prices
Critics contend: It leaves Texans vulnerable during extreme weather events with limited ability to import power from neighboring states
Renewable Energy Leadership
Despite what some might expect from the oil and gas capital of America, Texas has emerged as a renewable energy powerhouse:
Texas has led the nation in installed wind capacity for 17 consecutive years
The state ranks second nationally in installed solar capacity
On optimal days, renewable sources can provide up to two-thirds of the state’s electricity
As one Reddit commenter noted: “In Texas, politics doesn’t get in the way of highly profitable energy deals. Nothing does. That’s why we have so much wind and solar here.”
The Great Interconnection Debate
One of the most contested aspects of Texas’s energy policy is its limited interconnection with the national grid. Currently, Texas has five HVDC (High-Voltage Direct Current) ties that allow for some power transfer with neighboring states and Mexico, but these connections are minimal compared to what would be possible with full integration.
A new interconnection project is planned to begin construction in 2025 with completion targeted for 2030. The Department of Energy has stated this project “will enhance reliability and prevent outages during extreme weather events, like Winter Storm Uri.”
The Pros and Cons of Greater Interconnection
Potential Benefits:
Enhanced grid stability during extreme weather events
Ability to export excess renewable generation
Additional revenue opportunities through interstate energy trading
Potential Drawbacks:
Increased federal regulatory oversight
Possible higher compliance costs
Loss of certain aspects of Texas’s energy independence
What This Means for Texas Consumers
For most Texans on fixed-rate electricity plans, the day-to-day volatility of wholesale prices has limited direct impact. However, these market dynamics do eventually influence the rates offered by retail electricity providers.
Understanding a few key points can help consumers make more informed choices:
Texas has a competitive retail electricity market – consumers can shop for the best rates and plans
Fixed-rate plans provide insulation from short-term price spikes – but wholesale volatility can affect future contract rates
Variable-rate plans expose consumers to more price risk – as seen during Winter Storm Uri in 2021
The growing renewable portfolio generally puts downward pressure on prices – but can also contribute to volatility
Looking Ahead
The Texas energy market continues to evolve rapidly. Several factors will shape its future:
Increasing renewable penetration will likely create more periods of negative or very low prices
Battery storage deployment will help balance supply and demand fluctuations
Planned grid interconnections may alter the market dynamics
Weatherization requirements implemented after Winter Storm Uri should improve reliability
The Bottom Line
Texas’s unique approach to electricity markets offers both advantages and challenges. While the independent system has fostered renewable energy growth and generally competitive prices, it also creates vulnerability during extreme events.
As a Texas consumer, staying informed about these market dynamics can help you make better choices about your electricity plans. At ComparePower, we’re committed to helping you navigate these complexities to find the best energy solutions for your needs.
Want to compare and save on electricity plans for your home or business? Enter your zip code to compare rates and plans from multiple providers.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Stop worrying about power outages. Bronco Power Boost jumps into action the moment your power drops with an all-in-one battery backup and automatic transfer switch. No messing with extension cords – just instant backup power for your essentials.
Want to keep your fridge cold, WiFi running, and medical devices powered? The Bronco Power Boost has you covered. Once power comes back on, it automatically recharges, staying ready for the next time the lights go out.
Key Takeaways
Instant Power – The second your power drops, your crucial circuits stay live
Zero Hassle – No fumes, no noise, no solar required
Power Your Way – Start with a base system or go big with the Bronco Hybrid, packing a portable 13,000-watt gas generator hooked directly to your natural gas line, adding your central air conditioning/heat and pool systems, while running your essentials and recharging the Bronco Battery
Save On Taxes – Eligible for a 30% Federal Tax Credit with financing available
Keep Your Power Running: Don’t let a grid failure shut down your life. From your fridge and WiFi to your lights and medical equipment, your essentials stay powered.
Install and Forget It: Skip the DIY hassle. Expert technicians handle the whole setup with minimal disruption to your home.
Right-Size Your Backup: The battery system handles most homes’ needs perfectly. Step up to the Bronco Hybrid and add to your essentials’ serious power through a quick connect gas generator to run bigger equipment like central A/C, heat and pool pumps.
Perfect for Any Neighborhood: Say goodbye to HOA headaches. The battery system runs whisper-quiet, and if you go hybrid, the generator stays tucked away until you need it.
How It Works
Free Onsite Consultation
A power expert checks out your home’s setup and and makes a plan to protect the circuits that matter most to you
Professional Setup
The system connects right to your electrical panel – no extension cords in sight. Everything’s installed by a Bronco Power Boost certified electrical contractor
Always On Guard
Power goes out? Your backup kicks in automatically, keeping your essentials running
Zero Babysitting
After each outage, the system recharges itself automatically
Power Up When You Need More
Upgrade to the Bronco Hybrid with its portable 13,000-watt gas generator connected to your natural gas line. Run the essentials and your central air conditioning/heat and pool equipment without breaking a sweat
Bronco Power Boost Reviews
Outstanding product, fills a great niche for those not wanting to spend tens of thousands of dollars on battery backup for the home.
— Tim G.
We have had two power outages since you installed our unit only three weeks ago. The process of switching over was automatic and flawless; most importantly, it brought me peace of mind. The product is not the Energy Storage System, the product is long-term peace of mind.
— MC
Great experience. Installation was straight forward and the tech support at Bronco answered my questions in commissioning. Electrical contractor said he loved how straight forward it all was. Unit had to backup in January during a -16C outage, and delivered flawlessly. Product is a clean, no hassle/wires, and instant backup solution. Very pleased!
— Paul F.
Ready to Take Control?
Don’t wait for the next blackout to protect your home or business. Schedule your free consultation:
The system powers essential loads including your refrigerator, WiFi, security system, lights, garage door, and certain medical devices. The exact items depend on the capacity you choose.
What’s the difference between the Bronco Power Boost and a traditional Energy Storage System?
Traditional gas-based systems require complex installation near a gas line, concrete bases, multiple permits, and loud operation with frequent maintenance. In contrast, Bronco Power Boost is compact, quiet, needs no special ventilation, and includes an automatic transfer switch. Its battery lasts around 18 years with minimal upkeep.
What is the Bronco Hybrid?
The Bronco Hybrid includes a portable 13,000-watt gas generator that connects directly to your natural gas line. It’s combined with the Bronco Battery System to carry the larger loads of the central air conditioning/heat and pool systems. The essentials stay powered while simultaneously charging the battery during an extended outage.
How does installation work?
Installation involves adding the Bronco system to your home’s electrical panel. The process typically takes a few hours, and no large, permanent external generator is required.
What if my HOA has noise or permit restrictions?
Because Bronco Power Boost relies on a battery backup, noise is almost non-existent. For the Hybrid setup, the portable generator can be stored until needed, which often simplifies HOA and permit challenges compared to permanent standby generators.
Is financing available?
Yes. Bronco Power Boost offers financing to help homeowners and businesses manage the upfront cost. Contact them to learn more about payment plans.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Texas leads the nation in smart meter adoption, with over 7 million installed nationwide.
These digital devices have transformed how Texans monitor and manage electricity usage in the competitive retail market.
Here’s what every Texas resident needs to know about smart meters.
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What Is a Smart Meter?
In Texas, smart meters (officially called Advanced Metering Systems or AMS) are digital electricity meters that record your energy consumption in 15-minute intervals.
These meters use secure wireless networks to communicate directly with your Transmission and Distribution Utility (TDU) – Oncor, Center Point, AEP, or Texas-New Mexico Power.
How to Check if You Have a Smart Meter in Texas
Nearly every Texas home in deregulated areas has a smart meter. Here’s how to confirm:
Look Up Your Address
Visit SmartMeterTexas.com and enter your ESI ID (found on your electricity bill) or address.
Check Your Meter
Texas smart meters typically have:
A digital display
The manufacturer name (usually Landis+Gyr, Itron, or Oncor)
Smart meters are a cornerstone of Texas’s competitive electricity market, providing tools and data that help consumers make informed choices about their energy usage and costs.
Whether you’re shopping for a new electricity plan or trying to reduce your monthly bill, your smart meter data is key to making the best decisions for your home.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
A kilowatt-hour (kWh) is a unit of energy that equals the power of 1,000 watts sustained for one hour.
It’s calculated by multiplying power (in kilowatts) by time (in hours).
Since a watt is one joule per second, a kilowatt-hour equals 3,600,000 joules of energy (1,000 watts × 3,600 seconds).
In everyday terms, if you run a 100-watt light bulb for 10 hours, you’ve used one kilowatt-hour of electricity (100 watts = 0.1 kilowatts, so 0.1 kilowatts × 10 hours = 1 kilowatt-hour).
Similarly, running a 2,000-watt heater for 30 minutes uses 1 kilowatt-hour (2 kilowatts × 0.5 hours = 1 kilowatt-hour).
Think of it like measuring distance traveled: just as miles equals speed (miles per hour) multiplied by time (hours), energy in kilowatt-hours equals power (kilowatts) multiplied by time (hours).
A watt measures the rate of energy use, just as miles per hour measures the rate of distance covered.
The formula is straightforward: Power (in kilowatts) × Time (in hours) = Energy consumption (in kilowatt-hours)
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Understanding Energy vs Power
Power is the rate at which energy flows, like the speedometer in your car showing how quickly you’re covering distance.
When discussing a 1,000-watt microwave or a 60-watt light bulb, we describe their power – how quickly they use energy.
A kilowatt is simply 1,000 watts, a larger unit that better matches household appliance power levels.
Visualizing Kilowatt-Hours
Let’s picture this on a graph. Draw power (kilowatts) on the vertical axis and time (hours) on the horizontal axis.
You create a rectangle when you run a 1-kilowatt appliance for one hour.
The area of this rectangle – power multiplied by time – represents one kilowatt-hour of energy consumed.
This visual helps explain why kilowatt-hours are a natural way to measure total energy use over time.
Real-World Examples
Here’s how kilowatt-hours appear in daily life:
An electric car charging scenario: With a 1.5kW home charger filling a 20kWh battery, charging takes about 13 hours (20kWh ÷ 1.5kW = 13.3 hours).
Your typical home energy usage:
A modern refrigerator uses 1-2 kWh daily, running continuously at lower power
An air conditioner consumes 3 kWh in just one hour of cooling
A 50-inch LED TV uses 0.16 kWh during a two-hour movie
An energy-efficient washing machine needs about 0.5 kWh per load
The efficiency revolution becomes clear when comparing old and new technology: A traditional 60-watt incandescent bulb uses 0.06 kWh per hour, while an LED producing equivalent light uses just 0.006 kWh – a 90% reduction.
These numbers reveal your home’s hidden energy rhythms and point toward savings opportunities.
Understanding Your Electricity Bill
Electric providers bill by the kilowatt-hour. With U.S. residential rates averaging 16.94 cents per kWh (varying by region), we can translate energy use into costs:
Running a 10kW electric stove for 20 minutes? That’s 3.33 kWh, costing about 50 cents at $0.15/kWh.
Watching a movie on your LED TV? About 3 cents. Your refrigerator’s monthly operation? $5-10. Air conditioning for one hour? 51 cents.
These calculations help transform abstract energy units into practical financial decisions.
The average U.S. household uses about 893 kWh monthly, with this number representing not just electricity but also environmental impact, as each kilowatt-hour generated from fossil fuels contributes to carbon emissions.
Understanding kilowatt-hours empowers you to make informed decisions about your energy use.
Modern technology helps track this: smart meters and home energy management systems provide detailed consumption data, letting you see exactly when your home uses the most energy.
This knowledge can guide your decisions about when to run appliances or how to adjust your habits.
Major appliances deserve special attention.
Heating and cooling systems often account for the largest portion of residential energy use, typically consuming several kilowatt-hours per hour of operation.
Water heaters are another significant energy user, with traditional electric models using 4–5 kilowatt-hours daily to maintain hot water temperature.
When replacing appliances, energy efficiency ratings become meaningful metrics.
Modern ENERGY STAR-certified appliances often use 20-30% less energy than standard models.
An older refrigerator might use 2-3 kilowatt-hours daily, while a new energy-efficient model could use less than 1 kilowatt-hour – a difference of hundreds of kilowatt-hours annually.
Even small changes in daily habits can yield significant savings.
A 60-watt equivalent LED bulb using only 9 watts, if left on unnecessarily for 8 hours, consumes 0.072 kilowatt-hours.
While this seems small, when multiplied across several lights and repeated daily, it represents substantial potential for energy conservation through simple behavioral changes.
Understanding kilowatt-hours transforms electricity from an abstract monthly bill into a tangible measurement you can actively manage.
With this knowledge, you can visualize your home’s energy rhythm – from the morning surge of coffee makers and showers to the evening peak of simultaneous cooking, entertainment, and climate control.
This pattern isn’t just data on a graph; it reflects your daily life and habits.
Modern energy monitoring tools have made this understanding more valuable than ever.
Just as a car’s dashboard helps you drive more efficiently, smart meters and home energy systems let you track and adjust your electricity use in real-time.
Whether you aim to reduce your environmental footprint, lower your monthly bills, or understand where your energy goes, knowing how to measure and interpret kilowatt-hours gives you the power to make informed decisions.
This foundational knowledge becomes increasingly valuable as our energy landscape evolves with renewable sources, variable pricing, and smart home technology.
Every informed choice about when and how you use electricity adds up to savings on your bill and a more sustainable and energy-conscious future.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Our analysis of electricity usage data from 100 Texas homes reveals a critical finding: advertised electricity rates consistently mask true costs – with one notable exception that proves why.
The data shows that the Power On 24 plan delivers the lowest annual cost for 97% of Texas households, despite not having the lowest advertised rates at standard usage levels (500, 1,000, and 2,000 kWh).
Problem Statement
Electricity providers base their advertised rates on specific monthly usage amounts – typically 500, 1,000, or 2,000 kWh.
These rates depend on bill credits and usage tiers that only activate at exact usage levels.
The catch? Real homes never use the same amount of electricity each month, making it impossible to consistently hit these targets.
This practice results in dramatically higher costs for Texas electricity customers.
Understanding your true electricity costs requires calculations based on your complete usage data – not estimated or advertised amounts.
Even in the rare case where a bill credit plan proved advantageous, the savings amounted to just 63 cents each month.
Methodology
Our analysis examined actual electricity usage data from 100 Texas households, with homes ranging from 600 square feet, to more than 5,000 square feet.
For each home, we gathered pricing data as of 12/11/24 and determined the total annual costs across multiple electricity plans by:
Analyzing real, month-by-month usage data from actual Texas homes
Calculating true costs for each plan using precise usage amounts
Comparing total annual costs across different plans
Identifying patterns in cost differences between advertised and actual rates
This research uses real customer data, not models or estimates, providing an accurate picture of how electricity plans perform in real-world conditions.
Advertised electricity rates only show you the rate at an exact amount of electricity. What matters is your total cost throughout the year, based on your actual varying usage patterns.
These advertised rates often rely on bill credits and usage tiers that result in much higher bills throughout the year. Let’s examine five representative homes from our dataset to understand the real impact on electricity costs.
Small Home (656 sq ft)
This usage pattern represents what we consistently observe in smaller homes and apartments throughout our dataset:
Month
Usage (kWh)
January
1,211
February
550
March
395
April
320
May
545
June
953
July
911
August
1,003
September
601
October
472
November
479
December
754
Like most homes studied, usage varies significantly throughout the year – from 320 kWh in April to 1,211 kWh in January. This variation substantially impacts your actual electricity costs.
Let’s analyze how different advertised plans perform with this real usage pattern:
Cheapest Advertised Plan at 500 kWh
Advertised rate: 15¢ per kWh
What you actually pay: 19.9¢ per kWh
Annual cost: $1,633.51
Extra cost vs. best plan: $472.74
This plan looks great if you use exactly 500 kWh each month.
However, like every home in our study, this one doesn’t always use exactly 500 kWh.
When usage varies from this target – which happens every month – the rate jumps to nearly 20¢ per kWh instead of the advertised 15¢.
Cheapest Advertised Plan at 1000 kWh
Advertised rate: 10.5¢ per kWh
What you actually pay: 18.2¢ per kWh
Annual cost: $1,492.59
Extra cost vs. best plan: $331.82
The 10.5¢ rate looks impressive, but it only kicks in at 1,000 kWh usage. This home only hits that usage in August.
Every other month, you’re paying significantly more – averaging 18.2¢ per kWh across the year.
Cheapest Advertised Plan at 2000 kWh
Advertised rate: 12.7¢ per kWh
What you actually pay: 20.6¢ per kWh
Annual cost: $1,690.98
Extra cost vs. best plan: $530.21
Despite advertising a competitive rate, this plan becomes the most expensive option because the home’s usage doesn’t ever come close to hitting 2,000 kWh.
Best Plan for This Home
Power On 24
What you actually pay: 14.1¢ per kWh
Annual cost: $1,160.77
Like 97% of homes in our study, this plan delivers the lowest total cost because it works with real usage patterns – no usage tiers, no bill credits, no gimmicks.
Medium Home (1,193 sq ft)
This usage pattern is right in line with the average Texan who uses between 1,000 and 1,200 kWh each month:
Month
Usage (kWh)
January
635
February
432
March
476
April
641
May
810
June
1,616
July
1,652
August
1,859
September
1,318
October
681
November
407
December
466
Usage varies dramatically here from 407 kWh to 1,859 kWh – a pattern we see consistently in similar-sized homes.
Cheapest Advertised Plan at 500 kWh
Advertised rate: 15¢ per kWh
What you actually pay: 21¢ per kWh
Annual cost: $2,310.77
Extra cost vs. best plan: $771.45
The advertised 15¢ rate becomes meaningless with this usage variation.
During summer months, when usage triples, the actual rate spikes to 21¢ per kWh – resulting in much higher bills than advertised.
Cheapest Advertised Plan at 1000 kWh
Advertised rate: 10.5¢ per kWh
What you actually pay: 16.9¢ per kWh
Annual cost: $1,843.53
Extra cost vs. best plan: $304.21
That great 10.5¢ rate vanishes with varying usage.
With summer consumption consistently above 1,500 kWh, you end up paying 16.9¢ per kWh – 60% above the advertised rate.
Cheapest Advertised Plan at 2000 kWh
Advertised rate: 12.7¢ per kWh
What you actually pay: 20.5¢ per kWh
Annual cost: $2,251.27
Extra cost vs. best plan: $711.95
Even when summer usage approaches 2,000 kWh, this plan costs substantially more than advertised due to varying usage in other months.
Best Plan for This Home
Power On 24
What you actually pay: 14.0¢ per kWh
Annual cost: $1,539.32
As seen consistently across our study, steady pricing handles seasonal variations better, saving hundreds compared to plans with advertised “special” rates.
Medium+ Home (2,491 sq ft)
This usage pattern represents larger homes in our dataset:
Month
Usage (kWh)
January
757
February
665
March
860
April
851
May
1,198
June
1,620
July
2,004
August
1,966
September
1,821
October
1,227
November
958
December
736
Like other homes this size, summer usage (2,004 kWh) triples compared to winter months (665 kWh).
Cheapest Advertised Plan at 500 kWh
Advertised rate: 15¢ per kWh
What you actually pay: 20.5¢ per kWh
Annual cost: $2,998.81
Extra cost vs. best plan: $961.73
This home never uses the low end of advertised rates at 500 kWh in any month.
The actual rate runs 5.5¢ higher per kWh than advertised, costing nearly $1,000 more annually than necessary.
Cheapest Advertised Plan at 1000 kWh
Advertised rate: 10.5¢ per kWh
What you actually pay: 16.3¢ per kWh
Annual cost: $2,388.77
Extra cost vs. best plan: $351.69
With summer usage consistently above 1,500 kWh, this plan’s actual rate far exceeds the advertised rate, leading to significant extra costs.
Cheapest Advertised Plan at 2000 kWh
Advertised rate: 12.7¢ per kWh
What you actually pay: 19.3¢ per kWh
Annual cost: $2,835.92
Extra cost vs. best plan: $798.84
Even though usage reaches 2,000 kWh in peak months, varying usage throughout the year results in much higher actual costs.
Best Plan for This Home
Power On 24
What you actually pay: 13.9¢ per kWh
Annual cost: $2,037.08
Large Home (3,873 sq ft)
This usage pattern represents larger homes in our dataset:
Month
Usage (kWh)
January
6,136
February
3,830
March
3,798
April
3,810
May
3,454
June
4,440
July
4,718
August
4,300
September
3,492
October
2,774
November
2,434
December
4,270
Like other homes this size, even the lowest month (2,434 kWh) exceeds all advertised rate tiers.
Cheapest Advertised Plan at 500 kWh
Advertised rate: 15¢ per kWh
What you actually pay: 23¢ per kWh
Annual cost: $10,933.87
Extra cost vs. best plan: $4,454.49
The 500 kWh advertised rate becomes irrelevant. The actual rate runs 8¢ higher per kWh than advertised, resulting in over $4,400 in unnecessary annual costs.
Cheapest Advertised Plan at 1000 kWh
Advertised rate: 10.5¢ per kWh
What you actually pay: 17.6¢ per kWh
Annual cost: $8,359.53
Extra cost vs. best plan: $1,880.15
The actual cost runs 67% higher than the advertised rate when applied to real usage patterns.
Cheapest Advertised Plan at 2000 kWh
Advertised rate: 12.7¢ per kWh
What you actually pay: 16.3¢ per kWh
Annual cost: $7,750.21
Extra cost vs. best plan: $1,270.83
Even the highest advertised usage tier falls well short of this home’s typical monthly usage.
Best Plan for This Home
Power On 24
What you actually pay: 13.6¢ per kWh
Annual cost: $6,479.38
Our Largest Home (5,168 sq ft)
This represents the largest homes in our dataset:
Month
Usage (kWh)
January
2,844
February
2,700
March
2,674
April
2,470
May
3,885
June
4,707
July
5,738
August
6,601
September
4,752
October
3,914
November
2,977
December
2,142
As seen across larger homes, even the lowest monthly usage (2,142 kWh) exceeds all standard advertised rate tiers.
Cheapest Advertised Plan at 500 kWh
Advertised rate: 15¢ per kWh
What you actually pay: 17.5¢ per kWh
Annual cost: $10,437.36
Extra cost vs. best plan: $4,235.95
The massive gap between actual usage and the advertised rate tier results in over $4,200 in unnecessary annual costs.
Cheapest Advertised Plan at 1000 kWh
Advertised rate: 10.5¢ per kWh
What you actually pay: 17.5¢ per kWh
Annual cost: $7,948.35
Extra cost vs. best plan: $1,746.94
The actual rate runs 67% higher than advertised when applied to this home’s usage pattern.
Cheapest Advertised Plan at 2000 kWh
Advertised rate: 12.7¢ per kWh
What you actually pay: 16.2¢ per kWh
Annual cost: $7,339.47
Extra cost vs. best plan: $1,138.06
Even plans designed for higher usage fall short with this home’s consumption patterns.
Best Plan for This Home
Power On 24
What you actually pay: 13.7¢ per kWh
Annual cost: $6,201.41
The Exception Cases (Profile 55)
Among 100 Texas homes analyzed, we discovered three unique exceptions where a bill-credit plan actually saved money.
This home’s usage pattern demonstrates why advertised rates and bill credits target an almost impossible usage pattern – and how this one home nearly perfectly matched it.
Month
Usage (kWh)
January
1,219
February
840
March
1,080
April
1,105
May
1,225
June
1,522
July
1,386
August
1,393
September
1,202
October
1,117
November
793
December
888
This usage pattern stands out for its consistency. Compare it to typical homes:
Small home example: Varies from 320 to 1,211 kWh (279% variation)
Medium home example: Varies from 407 to 1,859 kWh (357% variation)
Large home example: Varies from 665 to 2,004 kWh (201% variation)
This home: Varies from 793 to 1,522 kWh (92% variation)
This stability around the crucial 1,000 kWh mark makes it uniquely suited for bill credit plans. Here’s how the plans compare:
Best Plan for This Home: Saver Plus Plan 12
Actual average rate: 13.9¢ per kWh
Annual cost: $1,908.54
Monthly cost range: $120.53 – $209.05
Bill credits earned: $100 in 8 out of 12 months
This plan wins because:
The home’s usage hits between 1,000-1,500 kWh in 8 months, earning the full $100 bill credit
Even in the four months below 1,000 kWh, usage stays high enough (793-888 kWh) to keep base costs manageable
Only one month exceeds 1,500 kWh, minimizing exposure to higher rates
Power On 24 Plan
Actual average rate: 13.9¢ per kWh
Annual cost: $1,916.09
Monthly cost range: $111.65 – $210.41
Difference: $7.55 more annually
The consistent pricing structure that saves money for 97% of homes falls just slightly behind here – by less than $8 per year or about 63 cents per month.
This case reveals exactly what must happen for advertised rates and bill credits to work as promised: remarkably stable monthly usage that consistently hits specific targets.
Finding only three homes out of 100 with this pattern demonstrates why these plans are designed to look better than they actually perform for real Texas households.
Even in this perfect-case scenario, the bill credit plan saved less than a dollar per month compared to Power On 24’s consistent pricing.
For the other 97 homes with more typical usage patterns, these same plans cost hundreds or thousands more annually.
Most importantly, you can only determine if you’re the rare exception who might benefit from a bill credit plan by comparing plans using your actual, full year of usage data.
Looking at advertised rates or estimating your usage won’t work – you need to see how each plan performs across all twelve months of real usage.
Without analyzing these actual numbers:
You can’t predict if you’ll consistently hit bill credit thresholds
You can’t calculate the impact of missing credits in low-usage months
You can’t determine if higher rates in peak months will eliminate your savings
You can’t see your true annual cost
This case demonstrates why shopping with your actual usage history is essential. Even though this home saved money with a bill credit plan, that only became clear after analyzing their complete usage data.
There’s no other way to know which plan will truly cost you less.
What We Learned From All 100 Homes
Real Usage Patterns Never Match Advertised Tiers
Across all 100 homes studied, monthly usage varied significantly:
Small homes: 279% variation between lowest and highest month
Medium homes: 357% variation
Medium+ homes: 201% variation
Large homes: 170% variation
Our biggest sized homes: 191% variation
No home consistently hit the advertised usage levels
Seasonal changes affected every home, regardless of size
Larger homes showed more extreme variations
Advertised Rates Consistently Mask True Costs
Actual rates typically ran 4-8¢ higher than advertised
Larger homes faced bigger gaps between advertised and actual rates
Bill credits and usage tiers increased costs in 98% of cases
The difference between advertised and actual rates grew with usage
Consistent Pricing Saves Money
Power On 24 delivered lowest total cost for 97 out of 100 homes
Annual savings ranged from $300 for small homes to over $4,400 for larger homes
Consistent rates proved more valuable as usage increased
This volatility explains why the ‘exception home’ conditions are so rare:
Only 3% of homes (3 out of 100) had stable enough usage to benefit from bill credits
Required usage to stay between 793-1,522 kWh in all 12 months
Missing the 1,000 kWh credit tier in just 4 months nearly eliminated all savings
How to Shop for Electricity
Know Your Usage Pattern
Get your full past 12 months of usage data from your electricity bills
Note your summer and winter peaks
Compare your usage to advertised rate tiers
Calculate Total Annual Cost
Don’t focus on a single month
Account for seasonal changes
Compare total yearly costs, not advertised rates
Avoid Complex Plan Structures
Be cautious with plans offering usage credits
Look for consistent pricing that works year-round
Consider how rate structures affect your typical usage
Check if You Match the Exception Case
Do you stay between 1,000-1,500 kWh in at least 8 months?
Is your usage below 1,000 kWh still over 790 kWh?
Do you exceed 1,500 kWh in no more than 1-2 months?
Sign Up and Save With Live Link™
Say goodbye to guesswork and hello to personalized savings with Live Link™. We’ll tap into your actual energy usage data to find the perfect electricity plan for your home. Here’s why Texans love Live Link™:
Effortless Accuracy: No more digging through old bills or estimating your usage. Live Link™ securely pulls your real consumption data with just a click.
Tailored Recommendations: Get plan options customized to your unique energy habits, not generic estimates.
True Cost Clarity: See the full picture of your electricity costs, including how seasonal changes affect your bill.
Big Savings: By matching you with plans that fit your actual usage, Live Link™ could save you hundreds each year.
Ready to find your best plan? Try Live Link™ now – it’s free, fast, and could be your ticket to lower electric bills.
Our analysis of 100 real Texas homes proves that advertised electricity rates consistently mask true costs. These rates depend on hitting exact usage amounts that real homes never achieve consistently.
The Power On 24 plan delivered the lowest annual cost for 97% of homes in our study, despite not advertising the lowest rates. This consistent pricing saved customers hundreds to thousands of dollars annually compared to plans advertising “cheap” rates.
The two exceptions we discovered highlight the fundamental issue: even when a home achieved the ideal usage pattern for bill credits, it saved less than a dollar per month compared to a simple, consistent rate.
For 97% of real homes, attempting to hit these “perfect” usage targets results in hundreds or thousands in unnecessary costs.
To avoid overpaying, shop based on your actual annual usage data.
Don’t rely on hypothetical averages or seemingly low rates – evaluate how plans perform with your real electricity consumption across all 12 months. Consistent, stable rates outperform bill credit promotions for virtually every household.
“Cheapest” Plan
Total Annual Cost
Best Plan
Total Annual Cost
Savings
Maxx Saver Select 12
2947.32
Power On 24 plan
2820.33
126.99
Maxx Saver Select 12
3558.25
Power On 24 plan
3233.38
324.87
Maxx Saver Select 12
3013.89
Power On 24 plan
2662.54
351.35
Maxx Saver Select 12
2491.96
Power On 24 plan
2174.45
317.51
Maxx Saver Select 12
2112.84
Power On 24 plan
1985.75
127.09
Maxx Saver Select 12
6913.85
Power On 24 plan
5502
1411.85
Maxx Saver Select 12
1602.38
Power On 24 plan
1370.18
232.2
Maxx Saver Select 12
3438.84
Power On 24 plan
3152.66
286.18
Maxx Saver Select 12
13023.13
Power On 24 plan
9632.34
3390.79
Maxx Saver Select 12
2016.11
Power On 24 plan
1785.12
230.99
Maxx Saver Select 12
3174.76
Power On 24 plan
2974.09
200.67
Maxx Saver Select 12
3494.19
Power On 24 plan
2919.64
574.55
Maxx Saver Select 12
1453.68
Power On 24 plan
1269.67
184.01
Maxx Saver Select 12
1243.15
Power On 24 plan
924.52
318.63
Maxx Saver Select 12
2799.85
Power On 24 plan
2720.64
79.21
Maxx Saver Select 12
2961.43
Power On 24 plan
2491.84
469.59
Maxx Saver Select 12
3955.78
Power On 24 plan
3502.15
453.63
Maxx Saver Select 12
2863.16
Power On 24 plan
2763.45
99.71
Maxx Saver Select 12
2153.14
Power On 24 plan
1877.78
275.36
Maxx Saver Select 12
8040.74
Power On 24 plan
6263.86
1776.88
Saver Plus Plan 12
2287.94
Power On 24 plan
2308.01
-20.07
Maxx Saver Select 12
1163.99
Power On 24 plan
1006.19
157.8
Maxx Saver Select 12
2762.97
Power On 24 plan
2695.7
67.27
Maxx Saver Select 12
4107.46
Power On 24 plan
3604.67
502.79
Maxx Saver Select 12
2032.58
Power On 24 plan
1525.83
506.75
Maxx Saver Select 12
3077.78
Power On 24 plan
2908.52
169.26
Maxx Saver Select 12
2472.88
Power On 24 plan
2296.77
176.11
Maxx Saver Select 12
2857.38
Power On 24 plan
2691.93
165.45
Maxx Saver Select 12
2095.45
Power On 24 plan
1771.16
324.29
Maxx Saver Select 12
3459.47
Power On 24 plan
3166.59
292.88
Maxx Saver Select 12
2044.56
Power On 24 plan
1736.75
307.81
Maxx Saver Select 12
11349.84
Power On 24 plan
8501.05
2848.79
Maxx Saver Select 12
3421
Power On 24 plan
3140.57
280.43
Maxx Saver Select 12
2948.5
Power On 24 plan
2821.16
127.34
Maxx Saver Select 12
2355.25
Power On 24 plan
2284.84
70.41
Maxx Saver Select 12
2862.43
Power On 24 plan
2560.11
302.32
Maxx Saver Select 12
1333.68
Power On 24 plan
1188.53
145.15
Maxx Saver Select 12
1211.1
Power On 24 plan
835.24
375.86
Maxx Saver Select 12
2135.13
Power On 24 plan
1797.98
337.15
Maxx Saver Select 12
2245.45
Power On 24 plan
2210.61
34.84
Maxx Saver Select 12
2553.67
Power On 24 plan
2216.17
337.5
Maxx Saver Select 12
1597.33
Power On 24 plan
1434.4
162.93
Maxx Saver Select 12
1772.7
Power On 24 plan
1350.15
422.55
Maxx Saver Select 12
2412.44
Power On 24 plan
1985.46
426.98
Maxx Saver Select 12
1023.14
Power On 24 plan
775.77
247.37
Maxx Saver Select 12
4333.16
Power On 24 plan
3419.24
913.92
Maxx Saver Select 12
3429.02
Power On 24 plan
3146.01
283.01
Maxx Saver Select 12
4984.89
Power On 24 plan
4197.9
786.99
Maxx Saver Select 12
3197.4
Power On 24 plan
2989.39
208.01
Maxx Saver Select 12
2103.85
Power On 24 plan
1844.45
259.4
Maxx Saver Select 12
4146.32
Power On 24 plan
3630.99
515.33
Maxx Saver Select 12
3223.83
Power On 24 plan
2939.68
284.15
Maxx Saver Select 12
1863.25
Power On 24 plan
1546.55
316.7
Maxx Saver Select 12
2968.83
Power On 24 plan
2496.85
471.98
Saver Plus Plan 12
1908.54
Power On 24 plan
1916.09
-7.55
Maxx Saver Select 12
2640.82
Power On 24 plan
2342.69
298.13
Maxx Saver Select 12
5785.37
Power On 24 plan
4739.06
1046.31
Maxx Saver Select 12
6382.85
Power On 24 plan
5143.01
1239.84
Maxx Saver Select 12
9552.13
Power On 24 plan
7218.09
2334.04
Maxx Saver Select 12
4597.55
Power On 24 plan
3936.03
661.52
Maxx Saver Select 12
1933.17
Power On 24 plan
1593.84
339.33
Maxx Saver Select 12
1762.44
Power On 24 plan
1546.02
216.42
Maxx Saver Select 12
1580.94
Power On 24 plan
1220.5
360.44
Maxx Saver Select 12
1445.9
Power On 24 plan
1129.21
316.69
Maxx Saver Select 12
3223.86
Power On 24 plan
2939.67
284.19
Maxx Saver Select 12
2054.34
Power On 24 plan
1878.61
175.73
Maxx Saver Select 12
3257.52
Power On 24 plan
2962.46
295.06
Maxx Saver Select 12
2857.8
Power On 24 plan
2557.01
300.79
Maxx Saver Select 12
5251.37
Power On 24 plan
4378.05
873.32
Maxx Saver Select 12
3934.35
Power On 24 plan
3487.65
446.7
Maxx Saver Select 12
1478.73
Power On 24 plan
1286.62
192.11
Maxx Saver Select 12
3037.92
Power On 24 plan
2813.98
223.94
Maxx Saver Select 12
1780.3
Power On 24 plan
1490.46
289.84
Maxx Saver Select 12
2547.06
Power On 24 plan
2144.12
402.94
Maxx Saver Select 12
2988.2
Power On 24 plan
2847.98
140.22
Maxx Saver Select 12
3261.51
Power On 24 plan
3032.74
228.77
Maxx Saver Select 12
763.66
Power On 24 plan
600.35
163.31
Maxx Saver Select 12
2639.87
Power On 24 plan
2139.22
500.65
Maxx Saver Select 12
1762.67
Power On 24 plan
1478.58
284.09
Maxx Saver Select 12
7173.72
Power On 24 plan
5677.7
1496.02
Maxx Saver Select 12
1805.91
Power On 24 plan
1643.02
162.89
Maxx Saver Select 12
1450.28
Power On 24 plan
1334.96
115.32
Maxx Saver Select 12
2255.28
Power On 24 plan
2217.24
38.04
Maxx Saver Select 12
2165.76
Power On 24 plan
1953.91
211.85
Maxx Saver Select 12
2912.93
Power On 24 plan
2459.07
453.86
Maxx Saver Select 12
1573.57
Power On 24 plan
1147.89
425.68
Maxx Saver Select 12
1260.34
Power On 24 plan
1071.36
188.98
Maxx Saver Select 12
2186.56
Power On 24 plan
2170.77
15.79
Maxx Saver Select 12
2595.9
Power On 24 plan
2447.56
148.34
Maxx Saver Select 12
1781.87
Power On 24 plan
1626.77
155.1
Maxx Saver Select 12
1116.14
Power On 24 plan
771.03
345.11
Maxx Saver Select 12
2788.82
Power On 24 plan
2713.19
75.63
Maxx Saver Select 12
3134.68
Power On 24 plan
2947
187.68
Maxx Saver Select 12
5604.84
Power On 24 plan
4617
987.84
Maxx Saver Select 12
4564.71
Power On 24 plan
3913.81
650.9
Maxx Saver Select 12
2703.7
Power On 24 plan
2520.41
183.29
Maxx Saver Select 12
2765.19
Power On 24 plan
2697.21
67.98
Maxx Saver Select 12
1764.25
Power On 24 plan
1479.64
284.61
Maxx Saver Select 12
2743.26
Power On 24 plan
2276.73
466.53
Saver Plus Plan 12
2457.70
Power On 24 plan
2490.47
-32.77
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
These plans offer discounts during specific months:
Example: Lower rates in June-July for “summer savings”
But August is often just as hot with no discount
You can’t predict when you’ll need more air conditioning
Weather changes can affect how much you save
2. Rate Consistency (15 Points) – Your Bill’s Behavior
Rate consistency shows how much your price per kWh changes at different usage levels:
Very Consistent (15 points)
Less than 1 cent difference
Example: Rate only changes from 12 to 12.9 cents per kWh
You might see your bill change by around $10 each month
Makes budgeting predictable
Somewhat Consistent (12 points)
1-1.5 cent difference
Example: Rate changes from 12 to 13.5 cents per kWh
Your bill could jump $15 a month if your usage changes
Small changes that won’t surprise you
Moderately Consistent (8 points)
1.5-2 cent difference
Example: Rate changes from 12 to 14 cents per kWh
Bill swings of $20 could be coming your way
You’ll notice these changes on your bill
Less Consistent (4 points)
2-3 cent difference
Example: Rate changes from 12 to 15 cents per kWh
Watch out for up to $30 bill spikes
Significant monthly bill variations
Not Consistent (0 points)
More than 3 cent difference
Example: Rate changes from 12 to 16 cents per kWh or more
You could be looking at $40+ jumps on your bill
Large bill swings month to month
3. Flexibility – Your Freedom to Change When You Need To
Early Termination Fees (15 points)
This is what you’ll pay to end your contract early. Remember: Texas law protects you from early termination fees if you move.
No Fee (15 points)
Switch plans anytime without penalty
Take advantage of lower rates when available
No cost to change if the plan isn’t working for you
Maximum flexibility
Standard Fee (10 points)
$150 or less to cancel
The most common fee amount in Texas
Example: If rates drop 3 cents per kWh, paying $150 to switch could still save you money
Consider potential savings versus the fee
High Fee (5 points)
More than $150 to cancel
It makes switching expensive even when better rates are available
It could keep you stuck in a higher-rate plan
Less flexibility to respond to market changes
Satisfaction Guarantee (10 points)
This is your trial period to make sure the plan works for you:
Best Protection (10 points)
60+ days to switch to any provider
Time to see two monthly bills
Switch to any plan you want
No questions asked
Good Protection (6 points)
60+ days, same provider only
Two billing cycles to decide
But can only switch to other plans from the same provider
Limited options if unhappy
Basic Protection (4 points)
30 days to switch to any provider
Might only see one bill
Quick decision required
Any provider available
Limited Protection (2 points)
30 days, same provider only
One billing cycle
Limited options
Quick decision needed
No Protection (0 points)
No guarantee
No trial period
Locked in immediately
No flexibility
Contract Length (5 points)
The length of your contract affects both price security and flexibility:
12-Month Contract (5 points)
The most common contract length
Covers a full cooling and heating season
Long enough for price stability
Not too long if market rates drop
Extended Contract (3 points)
24 or 36-month terms
Longer price protection
Might miss lower rates
Less flexibility to change
Other Terms (1 point)
Month-to-month or non-standard lengths
Could be higher rates
Your contract might end when prices are at a peak
Features – The Extra Benefits
Renewable Energy Content (15 points)
Texas’s average renewable energy content for electricity plans is around 33%. Here’s how plans compare:
100% Renewable (15 points)
All power from renewable sources
Mainly Texas wind and solar
Zero fossil fuels
Maximum green energy
Mostly Renewable (12 points)
50% or more renewable energy
Well above the Texas average
Mixed energy sources
Strong environmental benefit
Average Content (8 points)
Near Texas average (33%)
Typical power mix
Standard renewable content
What most Texans get
Below Average (5 points)
Less renewable than Texas’ average
More fossil fuel power
Minimum green energy
Basic power mix
Sign-up Incentives (5 points)
Remember: These “free” gifts are usually built into your rate:
Premium Gifts (5 points)
Smart thermostats or home devices
Retail value is usually $200+
Higher electricity rates to cover the cost
Check the total plan cost carefully
Large Gift Cards (3 points)
$75 or more in gift cards
One-time bonus
Small monthly impact
Compare total plan costs
Small Gift Cards (1 point)
Under $75 in gift cards
Minor incentive
Minimal monthly value
Focus on electricity rates
No Incentives (0 points)
No extra perks
Often, better electricity rates
Straightforward pricing
Pure electricity service
What Our Star Ratings Mean for You
The Transparent Plan
★★★★★ Outstanding Value
These plans excel in what matters most:
Clear, straightforward pricing
Consistent rates that make budgeting easy
Reasonable fees and good flexibility
Strong consumer protections
Additional features that add real value
The Balanced Plan
★★★★ Smart Choice
Solid plans that get the basics right:
Good, competitive rates
Standard consumer protections
Reasonable fees and terms
Some useful extra features
The Specialized Plan
★★★ Solid Option
Basic plans that might work for specific situations:
Standard market rates
Basic protections and terms
It may have some trade-offs
It could be a good fit depending on your needs
Remember: The highest-rated plan isn’t always the best for your situation. The key is focusing on what matters: will this plan deliver reliable power at a price you can predict and trust? Everything else is secondary.
Use these ratings as a guide, but consider your household’s unique needs when choosing.
How to Choose the Right Plan
Don’t get overwhelmed by all these electricity options. With the right approach and tools, finding the best plan for your home can be quick and easy.
Sign Up and Save With Live Link™
Say goodbye to guesswork and hello to personalized savings with Live Link™. This innovative feature taps into your energy usage data to find the perfect electricity plan for your home. Here’s why Texans love Live Link™:
Effortless Accuracy: No more digging through old bills or estimating your usage. Live Link™ securely pulls your actual consumption data with just a click.
Tailored Recommendations: Get plan options customized to your unique energy habits, not generic estimates.
True Cost Clarity: You can see the full picture of your electricity costs, including how seasonal changes affect your bill.
Big Savings: By matching you with plans that fit your usage, Live Link™ could save you hundreds yearly.
Ready to find your best plan? Try Live Link™ now – it’s free, fast, and could be your ticket to lower electric bills.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
These Terms and Conditions (“Terms”) apply to customers who seek to redeem an Amazon Gift Card (“Gift Card”) from Compare Power LLC (“Company”) as part of a promotional offer related to the purchase and activation or installation of a home service, such as internet or electricity, through one of Company’s service providers (”Provider”). By participating in this promotion and redeeming the Gift Card, the recipient of the Gift Card promotion (“Participant”)agrees to all applicable Amazon’s terms and conditions of use, as well as the following Terms:
1. Eligibility
To be eligible to receive the Gift Card,
Participant must purchase a qualifying service (e.g., electricity, internet, home security) through Compare Power LLC during the promotional period.
If the promotional offer requires a promo code (“Promo Code”), it must be applied during the ordering process.
The purchased service must be activated at a valid residential address within the United States.
Participant must complete the redemption process in the method instructed by Company.
The promotion is limited to one Gift Card per eligible household. Multiple submissions from the same household will not be accepted.
This promotion is only available for US residents.
This promotion is not valid for purchase of prepaid products.
The Gift Card can only be issued to the recipient of the promotion.
2. Redemption Process
The link to the redemption form will be provided to the Participant during the ordering process.
Participants may be required to provide acceptable proof of activation, which may include, without limitation:
A second bill from the Provider showing the first bill paid
A payment receipt or payment confirmation email showing proof of payment of the first bill from the Provider
Other documentation, as specified by the Company
Participants must complete the redemption process within the timeframe specified in the promotion details or one hundred twenty (120) days from the order date of the eligible service, whichever is sooner.
Submissions will be reviewed within ten (10) business days. After review, additional documentation may be requested.
Failed, rejected, inaccurate, or incomplete submissions may result in delays and/or disqualification.
The company is not responsible for lost submissions due to technical errors or reasons outside of the Company’s control.
If the redemption process is not completed within the specified time, the Participant will forfeit eligibility to receive the Gift Card.
3. Amazon Gift Card
The Gift Card is issued as an Amazon electronic gift card and will be sent to the email address provided during the redemption process.
The participant is responsible for providing an accurate email address for the Gift Card delivery during the redemption process. Once the Gift Card is sent, the receiving email address cannot be modified, and the Company’s obligations to fulfill the promotional offer will be deemed satisfied.
Upon completing the redemption process, the Gift Card will be emailed to the Participant within thirty (30) days of eligibility verification.
The Company is not responsible for delivery delays caused by incorrect or incomplete information provided during the redemption process or technical issues outside its control.
The value of the Gift Card will be specified in the promotional offer and is non-negotiable.
The Gift Card is non-transferable, non-refundable, cannot be exchanged for cash, and cannot be resold.
The Gift Card is subject to Amazon’s terms and conditions and terms and use, and the Company cannot modify any terms set by Amazon.
Any issues or concerns with using the Amazon Gift Card must be directed to Amazon in accordance with its terms and conditions for gift cards.
4. Misuse and Fraud
The Company reserves the right to investigate any suspicious or fraudulent activity related to the redemption of the Gift Card.
Any fraudulent or unauthorized use of the Gift Card promotion may result in forfeiture and disqualification from future promotions.
5. Modifications and Termination
The Company reserves the right to modify or terminate this promotion at any time, for any reason, and without notice.
Any modifications or termination to these Terms shall be effective immediately or on the date specified.
Any modifications or termination to these Terms will be communicated to Participant via email if Participant is materially affected.
6. No Liability
The Company is not responsible for any issues, losses, or damages that may arise from the use or inability to use the Amazon Gift Card.
By participating in this promotion, the Participant agrees to release the Company from any liability related to the receipt, use, or misuse of the Gift Card.
7. General Provisions
Limitation of Liability: Reissuance of the Gift Card, with the maximum value of the specific promotion for which the Participant is eligible, is the sole remedy for any claims or disputes arising from this program.
Applicable Law: The Terms are governed by and construed in accordance with the laws of the State of Texas
By redeeming the Gift Card, Participant acknowledges that Participant has read, understood, and agreed to abide by these Terms. For any questions regarding these Terms or the promotion, please get in touch with the Company at [email protected].
Are you paying too much at the pump? Switching to an EV might save you thousands each year.
However, the exact savings depend on factors like location, driving habits, and charging options.
In this article, we’ll break down the cost comparison between EVs and gas-powered vehicles, covering fuel costs, maintenance, and long-term savings.
Key Takeaways
EV drivers save about $1,500 per year on fuel, especially if charging mostly at home.
Fewer moving parts mean less upkeep—about $300 saved yearly.
Despite higher upfront costs, EVs often become cheaper than gas cars in five years.
Table of Contents
EV vs. Gas Car Cost Comparison
1. Fuel Costs
EVs generally have much lower fuel costs than gas vehicles. Charging an EV at home is often more economical, especially if you can charge during off-peak hours. Here’s how it breaks down:
Home Charging: On average, charging an EV at home costs about $6-$18 for a full charge, providing a range of 200+ miles. This is roughly 1/3 to 1/2 the cost of fueling a gas car.
Gas Costs: For a comparable 200-mile range, a gas car costs about $30.16 at the average rate of $3.77 per gallon.
Public Charging: While home charging is cheaper, public fast chargers can cost more, from $20-$40 per full charge. For drivers relying on public chargers, this may reduce potential savings but still generally remains cheaper than gas.
In summary, EV drivers save an estimated 8.1 cents per mile on fuel costs compared to gas vehicles, which translates to around $1,500 annually for the average driver.
2. Maintenance Savings
Electric vehicles typically have lower maintenance costs than gas-powered cars due to simpler engineering and fewer moving parts. Here’s how they compare:
Routine Maintenance: EVs don’t require oil changes, fuel filters, or spark plugs. Their regenerative braking system also reduces brake wear, extending the life of brake components.
Cost Comparison: According to industry data, EVs cost around $949 per year in maintenance, while gas cars average $1,279. This translates to an annual savings of about $300 for EV owners.
Long-Term Maintenance: The need for battery replacement after 8-10 years may impact costs, but many EVs come with battery warranties that last up to 10 years or 100,000 miles.
3. Initial Purchase Price
EVs often come with a higher upfront cost compared to gas-powered vehicles, though this gap is narrowing. The average EV price is around $53,048, while gas vehicles average $35,722. Factors impacting the initial cost include:
Federal and State Incentives: Many buyers qualify for federal tax credits, which can provide up to $7,500 in savings. State and local incentives can further reduce the upfront cost.
Price Trends: With advancements in EV technology and increased production, EV prices are steadily decreasing, bringing the cost closer to gas vehicles.
4. Long-Term Savings
Despite a higher initial cost, EVs can be cheaper to own in the long run due to lower fuel and maintenance expenses. Here’s what long-term ownership looks like:
Average Driver Savings: For an average driver (around 11,011 miles per year), the combined savings in fuel and maintenance exceed $1,200 annually.
High-Mileage Drivers: “Gasoline Superusers,” or the top 10% of gasoline consumers, could save nearly $5,000 annually on fuel and maintenance by switching to an EV.
Cumulative Savings Over Time: Studies show that, in most states, EVs become cheaper than gas cars over a five-year period, when considering all costs associated with ownership.
5. Regional Variations and Location-Based Savings
Location significantly impacts cost savings when comparing EVs and gas cars. Here’s why:
Electricity Rates and Gas Prices: In regions where gas prices are high, like California, and electricity rates are relatively low, the savings can be even greater. For example, Washington state drivers save up to 13.1 cents per mile on fuel, translating to about $120 a month.
Insurance Costs: Insurance rates can vary, with EV premiums sometimes higher in cities like New York City and Detroit. However, the gap in premiums is narrowing as EVs become more mainstream.
Local Incentives: Some states offer additional tax credits or rebates, which can enhance the cost-effectiveness of EVs.
6. Other Considerations
There are a few additional factors to keep in mind when considering the switch to an EV:
Home Charging Installation: Installing a home charging station typically costs between $300 to $20,000, depending on the type of charger. For drivers who primarily charge at home, this one-time investment can maximize fuel savings.
Additional EV Registration Fees: Some states have extra registration fees for EVs to offset lost fuel tax revenue.
Insurance Premiums: While EV insurance may be slightly higher, the difference is shrinking as EV adoption grows.
The Bottom Line: Is It Cheaper to Drive an EV?
While the initial purchase price of an EV is typically higher, the savings on fuel and maintenance often make EVs cheaper over time.
For an average driver, the annual savings can range from about $1,000 to $2,200, depending on factors like location, annual mileage, and charging habits.
High-mileage drivers stand to benefit the most, with potential savings nearing $5,000 per year.
Ready to Maximize Your EV Savings?
If you’re considering an EV, finding the right electricity plan is key to maximizing your savings.
Find the best EV electricity plans to make the most of your new vehicle’s efficiency and take control of your energy costs.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
Solar panels are becoming more efficient, and the incentives for going solar have never been better.
With rising energy costs and environmental concerns, now is the perfect time to consider solar for your home.
Below, we’ll explain everything you need to know about solar panel costs, incentives, and their impact on your wallet.
Plus, we’ll show you how Project Solar can make the process easier and more affordable with transparent pricing and no sales pressure.
Key Takeaways
Solar panel systems cost between $18,000 and $43,000 before incentives.
Federal, state, and local incentives can cut solar costs by 30-60%.
The average payback period for solar panels is 8.5 years, with up to $90,000 in savings over 25 years.
Table of Contents
Average System Cost
The average cost of a residential solar panel system ranges from $18,000 to $43,000, depending on the system size, location, and available incentives.
Typically, a 6-8 kW system—suitable for an average 2,000-square-foot home—will cost between $15,000 and $22,500 before applying any incentives.
However, after applying the 30% federal solar tax credit, the cost can drop significantly to between $10,500 and $15,750.
Your final price will depend on location, available incentives, system size, and your home’s specific features.
To get a quick estimate tailored to your situation, Project Solar offers an AI-powered tool that provides a personalized solar quote in just 5 minutes—without the hassle of pushy sales tactics.
Cost per Watt
The average cost per watt for solar panels in the U.S. is $2.84 for residential systems.
High-efficiency monocrystalline panels tend to be at the higher end of the price range, but they generate more power with fewer panels—ideal if you have limited roof space.
Project Solar uses top-quality black-on-black monocrystalline panels and Enphase microinverters to ensure maximum efficiency and reliability.
Commercial systems are slightly cheaper, ranging from $1 to $2.50 per watt.
How Incentives Impact Solar Costs
Solar incentives and tax credits play a significant role in making solar panels more affordable. Here are the top incentives available:
1. Federal Solar Tax Credit
The federal solar tax credit provides a 30% tax credit on the total cost of a solar system through 2032.
For a $20,000 system, this incentive means a $6,000 tax credit, reducing the net cost to $14,000.
Homeowners can save as much as $10,000 with this credit alone.
Project Solar helps you take full advantage of all available incentives to bring your installation costs down even further.
Note that this incentive will decrease to 26% in 2033 and 22% in 2034, so it’s wise to act soon to get the full benefit.
2. State and Local Incentives
Many states offer additional incentives to reduce solar costs further.
For example, New York provides a 25% state tax credit of up to $5,000.
Some states also exempt solar installations from sales or property taxes, significantly lowering costs.
Make sure to research what’s available in your area.
Or, let Project Solar do the heavy lifting by providing a comprehensive, transparent quote that includes all applicable state and local incentives.
3. Net Metering
Most states have net metering policies that allow homeowners to send excess solar energy back to the grid for credits on their electricity bills.
This means you can effectively “sell” your surplus energy and reduce your utility bill significantly.
Project Solar helps you set up net metering seamlessly, ensuring you get credit for every extra energy your system produces.
4. Performance-Based Incentives
Some states offer performance-based incentives (PBIs), which provide ongoing payments based on your solar system’s energy production.
For instance, New Jersey’s SuSI program offers $85 per 1,000 kWh generated for 15 years, making solar panels even more profitable.
Project Solar will guide you through the process to ensure you receive all the performance-based incentives available in your state.
5. The Total Impact
Combining all these incentives, you could easily see a 30-60% reduction in your total solar costs.
In states like New Jersey, incentives can reduce the cost of a 9.3 kW system from $42,275 to just $6,841 after all credits and rebates—a substantial reduction that makes the payback period much shorter.
Factors that Affect Solar Panel Cost
Several key factors determine how much you’ll pay for your solar panel installation:
System Size: Larger systems are more expensive but can generate more savings in the long run.
Location: Your location affects the sunlight your roof receives and labor and permitting costs.
Type of Solar Panels: Monocrystalline panels are more efficient but cost more, while polycrystalline panels are cheaper but less efficient.
Roof Condition and Installation Complexity: Older, complex, or multi-sloped roofs can increase installation costs.
System Size and Cost Estimates
The cost of your system largely depends on its size:
System Size
Estimated Cost (Before Incentives)
4 kW
$14,680
6 kW
$22,020
8 kW
$29,360
10 kW
$36,700
Additionally, the cost of installing solar panels varies by state, impacting the overall savings potential.
Below is a detailed breakdown of typical costs, average cost per watt, estimated payback periods, and potential 25-year savings for various states:
State
Install Cost*
Average Cost per Watt
Estimated Payback Period**
25-Year Savings***
Alabama
$37,475
$3.34
10.5 years
$65,922
Alaska
$23,088
$2.41
9.5 years
$54,668
Arizona
$19,440
$2.16
7 years
$59,661
Arkansas
$29,877
$2.67
9.5 years
$67,139
California
$18,105
$2.47
5 years
$106,870
Colorado
$28,088
$3.03
9 years
$53,986
Connecticut
$26,670
$2.96
6 years
$83,759
Delaware
$25,274
$2.49
10 years
$63,870
Florida
$24,403
$2.27
10.5 years
$56,077
Georgia
$30,494
$2.73
10 years
$57,429
Hawaii
$27,680
$3.46
6 years
$64,565
Idaho
$28,944
$2.69
10 years
$71,010
Illinois
$31,068
$3.07
11 years
$48,565
Indiana
$34,131
$3.10
12 years
$56,472
Iowa
$31,793
$3.12
10 years
$46,588
Kansas
$32,167
$3.12
10.5 years
$60,286
Kentucky
$31,313
$2.73
11.5 years
$54,204
Louisiana
$32,142
$2.93
11 years
$54,636
Maine
$29,267
$3.27
10.5 years
$64,522
Maryland
$28,504
$2.80
9 years
$64,703
Massachusetts
$27,158
$3.28
5 years
$87,689
Michigan
$30,902
$3.15
11 years
$53,663
Minnesota
$31,209
$3.09
11.5 years
$59,279
Mississippi
$36,110
$3.14
12 years
$59,530
Missouri
$31,842
$2.90
12 years
$55,374
Montana
$32,116
$2.80
10 years
$67,246
Nebraska
$20,787
$2.24
11.5 years
$53,725
Nevada
$20,768
$2.20
8 years
$41,459
New Hampshire
$29,870
$3.33
7.5 years
$69,087
New Jersey
$25,623
$2.70
4 years
$76,285
New Mexico
$24,571
$3.13
6 years
$68,335
New York
$27,291
$2.96
6 years
$75,242
North Carolina
$26,829
$2.56
9.5 years
$62,935
North Dakota
$33,275
$2.42
12 years
$58,265
Ohio
$29,127
$2.66
11.5 years
$52,568
Oklahoma
$26,900
$2.37
11 years
$65,916
Oregon
$28,965
$2.65
12.5 years
$52,903
Pennsylvania
$28,679
$2.82
9.5 years
$58,076
Rhode Island
$29,061
$3.28
2 years
$60,631
South Carolina
$26,548
$2.57
8.5 years
$62,231
South Dakota
$24,115
$2.39
11 years
$54,751
Tennessee
$39,120
$3.26
12.5 years
$51,774
Texas
$21,672
$2.10
7.5 years
$61,774
Utah
$29,158
$2.72
11 years
$53,135
Vermont
$25,375
$2.91
7.5 years
$70,243
Virginia
$31,427
$2.87
10.5 years
$60,802
Washington
$32,964
$2.68
13 years
$59,116
Washington, D.C.
$20,400
$3.00
–
$63,114
West Virginia
$28,737
$3.09
10 years
$63,114
Wisconsin
$31,806
$3.10
10.5 years
$54,553
Wyoming
$43,165
$3.76
9 years
$85,447
*Before the 30% federal tax credit (ITC) or other financial incentives. **How long it takes to break even on solar panel installation costs with a cash purchase. ***Total utility power costs avoided over 25 years. Data source: EnergySage, NerdWallet, ConsumerAffairs
Seeing how costs vary by state can help you understand the range of investment and savings possible with solar.
These figures are starting points—your specific requirements, panel choice, and incentives will influence the final cost.
To make things even easier, Project Solar provides customized solar quotes that factor in your specific state incentives, offering you the lowest possible price in your area.
Solar installations come with other associated costs beyond just the panels themselves:
Inverter: $1,000 to $3,000 (necessary to convert solar DC power to AC power).
Battery Storage: Around $14,000 if you want to add energy storage (optional but useful for backup power).
Mounting Systems and Electrical Wiring: Adds roughly 7 to 20 cents per watt to the installation.
These additional costs are generally included in most quotes, but having an itemized understanding can help you make better financial decisions.
How Quickly Will You Break Even?
The average payback period for a solar installation is about 8.5 years.
This means that within just under nine years, the savings on your energy bills will have covered the system’s initial cost.
After that, it’s free electricity for the rest of your panels’ lifespan, lasting 25-30 years.
Plus, with Project Solar’s 25-year SolarCare™ Warranty, you’ll have peace of mind knowing your system is covered for production, workmanship, and more.
Long-term Savings
With incentives and reduced energy bills, homeowners can save between $20,000 and $90,000 over the life of their solar panels.
Studies also suggest installing solar panels can increase your home’s value, making them a solid investment in energy independence and property appreciation.
Is Solar Worth It?
In a nutshell, absolutely, yes. Solar energy remains an excellent option due to falling installation costs, lucrative federal and state incentives, and net metering policies.
Depending on your location, you could save 30-60% off your total system cost, with payback periods shorter than ever.
With the potential to save tens of thousands of dollars over the next few decades, there’s a good chance that your solar investment will keep paying dividends long after the system has paid for itself.
If you’re ready to explore your options, get a free quote from Project Solar.
With their AI-powered tool, you can get transparent pricing in just 5 minutes—no pressure, no strings attached.
This is a great way to see how much you can save and whether solar is right for your home.
And don’t wait too long—some of these incentives won’t be around forever.
Get Help Finding Your Best Plan
Call us at 855-441-3030 Monday through Friday, 8:30 a.m. to 6:30 p.m., or Saturday, 9:00 a.m. to 4:30 p.m.
Any product or company names, marks, or logos shown on this page are the property of their respective owners. Compare Power is an unaffiliated, independent marketplace.Get unbiased, accurate information backed by our commitment to editorial integrity.
