Draw a line on the wall at the height and location for the pegboard, keeping in mind how far down the hangers are on the back of the board. Use a carpenter’s level to verify that the marking is straight. Hold the pegboard against the mark to make sure you are satisfied with the placement.
Measure the distance between the keyhole hangers on the back of the shaker pegboard. Mark the location for the wall anchors on the line, spaced to accommodate the keyhole hangers.
Drill pilot holes into the wall at your marks. Insert the wall anchors into the holes. Push or tap the anchors until they are nearly flush with the wall.
Insert the anchor screws into the wall anchor. Leave just enough of the head of the screw exposed to hang the shelf using the keyhole hangers.
Line up the screws with the hangers. Hang the peg rail over the screws. Tap the board down lightly over the screws to secure it to the wall.
Locate two adjacent wall studs using a stud finder. Studs are usually 16 or 24 inches apart. Mark the location at the height for the shaker pegboard.
Draw a straight, level line between the two studs using a carpenter’s level. Hold the peg rail against the line on the wall to confirm the placement.
Position the pegboard on the line and then drill a pilot hole through the pegboard and into the wall stud using a power drill.
Insert a 2 1/2-inch-long, flat-head wood screw into the opening. Set the screw through the pegboard and into the wall stud using a power screwdriver. Repeat the procedure on the opposite end of the pegboard, verifying that the rail is still level. Countersink each screw slightly beneath the surface of the pegboard.
Apply wood filler over the screws to create a smooth surface.