How much is the installation of a water heating tank?
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Depends on your location and quality of water heater. Can cost upwards of $950.00 in some areas. Most codes require a licensed plumber to install. Some areas require a pressure relief tank, as well.
Newer tanks consume more space.
325.00 & up not including install really depends on where you live if it's electric or gas & if you'll need any new fittings etc. https://www.google.com/search?q=40+gallon+hot+water+heaters&safe=active&rlz=1C1CHBF_enUS750US750&source=univ&tbm=shop&tbo=u&sa=X&ved=0ahUKEwiR49_U7cjgAhV9JDQIHcorByIQsxgI7gI&biw=1366&bih=657
Haven't see a hot water heater installation cost 325.00 for a lot of years around here. Cost in Pennsylvania closer to $800-$900.