Most Austin homeowners pay between $1,800 and $3,500 to replace a standard 40 or 50 gallon tank water heater, installed. A tankless water heater usually runs $4,000 to $7,500 installed. The final price depends on the type of unit, fuel type (gas or electric), where it sits in your home, and what needs to be brought up to current code.
If your water heater just quit and you're standing in a cold shower trying to figure out what this is going to cost, this guide breaks it down in plain terms so you know what a fair quote looks like before anyone shows up.