That's a good price, I paid that for mine cash and carry over 4 yrs ago and had a plumber friend install it.
Parents and Mother inlaw had theirs done last year and it was just over 1000 bucks installed for each.
I did a dip tube in my old one, got a few more years out of the old tank and it is easy to replace yourself. Neighbor had his burst, good thing he was home and heard the water running. Still had a mess to clean up.
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