3 Ways to Save Money on Your Tankless Water Heater Installation Cost

Homeowners want to save money where they can these days, and getting a good deal on tankless water heater installation is an attractive idea. This short article from Tankless Guide If you know how to go about the process, you can save up to 40% on the unit and the installation and still have it installed by a certified professional contractor.

Here are the top 3 ways to save money on the installation of a tankless water heater.

Remove the Old Unit Yourself

If you’re at all handy, and have a few basic tools, this should be fairly easy. If you don’t qualify, perhaps you’ve got a friend who would help in exchange for whatever you do well – or for food and beverage! Use the barter system! Here is a good video showing you the basics in removing a water heater.

Before you start to uninstall the old unit, make sure it is off, the water is off, and if it’s electrical, the power to the unit is off. Turn off the circuit and lock the circuit or the box for enhanced safety.

Have a bucket handy, so you can dump out any water still in the unit or lines. If removing a tank-style heater, use a hose to drain it and then cap or plug the drain hole before moving it.

Buy the New Tankless Water Heater Yourself

Before you buy any unit, consult a professional installer. Discuss the size of the unit that is right for your use – the entire home, the zone or the specific point of application. The last thing you want to do is to purchase a tankless water heater that isn’t right for how you intend to use it. You should also talk with your hardware folks. They sell the units and may have some good suggestions for you to consider. Here is an article to help prepare your questions before you head out to the store

Secondly, you should make sure the contractor is willing to install a unit he or she did not sell – and not charge you a premium to do it. Some pros make money off the unit, not just the labor costs. Always get at least 3 written estimates from contractors to find the best pricing in your area. Here is a quick guide to hiring a installer.

Ask for a Better Deal and Offer to Sign the Bid Today!

If you get a written estimate you like, let the contractor know you’re considering other bids. But ask him if he’ll reduce his bid by 15% if you sign his bid on the spot as well as give him a substantial down payment. Ask for a 25% reduction if you want – it won’t hurt to ask!  A down payment of 25% to 40% of the installation costs might be appropriate.

The point is, feel free to negotiate a better deal. In most cases, you won’t offend the contractor since it’s something they are used to in their business.  They may even include some negotiating room in their initial estimate, giving them room to lower their bid in order to get the job.

Summary

These three simple steps can add up to substantial savings. You’ll soon be enjoying continuous hot water which will feel even nicer when you know you got a great deal on the unit and the installation costs.

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