Smart Electricity Shopping

Will Electricity Prices Fall this Fall in Texas?

We get questions like this all the time from customers, friends and neighbors. Will electricity prices fall this fall?

Normally we would say, of course! Electricity prices always drop in the fall in Texas. And this year is no exception, based on what we’re seeing with pricing. Prices are dropping… just not as far as we all hoped.

This article was written in Summer 2022. See our Texas Electricity Rate Trends 2023 article for the latest electricity price forecast for 2023.

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Tax Credits for EV, Solar & Electrification – The Inflation Reduction Act of 2022

For homeowners, the Inflation Reduction Act of 2022 includes over $8 billion for home energy efficiency and home electrification projects. You can receive tax credits for new technology including home solar panels, battery storage, or electric vehicles. And you can get tax credits and incentives for replacing your clothes dryer, water heater and cooktop, or for swapping out your HVAC for a heat pump HVAC.

Big Beautiful Bill & Residential Tax Credits

Trump’s “One Big Beautiful Bill” passed in July 2025 modifies clean-energy incentives introduced under Biden’s Inflation Reduction Act. Here are new policies related to home solar, batteries, electrification and electric vehicles

  • Residential Solar Tax Credit: Expires December 31, 2025
  • EV Purchase Credit: Expires September 30, 2025
  • Home Electrification Tax Credit: Expires December 31, 2025

Act quickly to take advantage of these tax incentives before they expire!

Here’s an easy reference chart for the changes:

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Cheapest Texas Electricity Rates and Plans (September 2025)

Finding the cheapest electricity rates in Texas doesn’t have to be a chore or require tons of research. Every month, we update our recommendation for the top three cheapest electricity companies in Texas, and highlight the cheapest electricity rates in your area. After a mild summer, we’re seeing electricity prices drop as we head into September. Note that delivery charges have increased effective September 1, which will impact the advertised rates.

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How to Get Help Paying Electric Bill

With rising electricity costs, you may need help with your power bill. If you need help with your electric bill in Texas, there are three basic options.

  1. Contact Your Electricity Provider: Your REP is the first point of contact if you need help paying your power bill in Texas. Working with them can give you a bill payment extension and keep you from being disconnected.
  2. Call 211 Utility Assistance: Texas 211 is a central clearing house of resources. The 211 operator may be able to match you to available aid programs.
  3. See if you qualify for the Low Income Home Energy Assistance Program (LIHEAP): This program provides bill payment assistance for those on SSI or that earn less than 150% of the Federal Income Poverty Guidelines.

Below we provide additional information on each option. Plus ideas for bill payment help for those who are not low income.

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