The range is wide — and that's not a dodge. A simple element replacement is around $350. A full tankless water heater installation runs $6,100–$7,000. Everything depends on what you have, what you need, and what you choose to put in.
This page breaks it down honestly. Pick the situation that matches yours below and we'll walk you through what to expect — the costs, the options, and the honest trade-offs at each level.