Water Heater Replacement Cost . An electric tankless water heater costs $600 to $900, while a natural gas version is $1,700 to $2,500. To lower these additional charges, our trusted professionals will discuss your options and. Tankless Water Heater Cost — Is the Expense Worth It? Sensible Digs from sensibledigs.com Tanks are made from tough materials, but they can still get dents or cracks that need to be patched up. Water heater service costs $100 to $350 to replace the heating element, thermocouple, igniter, anode rod, dip tube, or thermostat. Replacing the heating element or coil.
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