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Tips for Financing Your New Tankless Water Heater

Last updated 4 years ago

Tankless water heaters are not only a huge convenience, but they are also eco-friendly. In addition to enjoying these benefits, buying a tankless water heater is also affordable thanks to the variety of financing options and rebates available. Here are a few tips on financing your new tankless water heater from Wholesale Tankless, Inc.

Look Over Your Credit Report
Before financing anything, it’s a good idea to clean up your credit score. Order a free credit report online and take a close look at it. If you notice any unpaid balances, pay them as soon as you can. If you see that there are errors in your credit report, contact the credit-reporting agency that issued your report and let them know. Doing this will raise your credit score and improve your chances of obtaining affordable financing for your tankless water heater.

Apply For Financing
After double-checking your credit report, it’s time to apply for financing. If you cannot obtain financing from your local tankless water heater company, ask them for a recommendation for where you can obtain a loan. Check with your local bank and credit union to see what’s available to you.

Federal Government Tax Rebate
As long as your tankless water heater is for your primary home of residence, you can obtain a $300 federal tax credit. You can combine this rebate with other rebates too. Just be sure that you submit form 5695 with your tax return.

Texas Gas Service Rebate
If you have an active Texas Gas Service account and you live within the city limits of Austin, Sunset Valley, Rollingwood, West Lake Hills, Cedar Park, or Kyle, you may be eligible for a $600 tax credit with your purchase of a new tankless water heater. To qualify for the rebate, a licensed contractor must install the tankless water heater.

For a great selection of tankless water heaters, come to Wholesale Tankless. Visit our website to see our inventory and to learn more about the rebates we have to offer you. And give us a call at (877) 278-2253 if you have any questions for our tankless water heater experts.

 

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