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A small puddle may come from a loose connection, shutoff valve, drain valve, temperature-and-pressure relief valve, or another repairable component. But water can also come from corrosion or failure of the storage tank itself.
If the leak is active, shut off the cold-water supply to the heater if you can do so safely. For an electric unit, turn off the breaker. For a gas unit, do not attempt to repair gas controls or connections yourself.
Keep water away from electrical equipment and move belongings away from the affected area whenever it is safe.
If the tank itself has failed, replacement is typically the practical solution. If the leak comes from a valve, fitting, or connection, repair may be possible.
The important thing is determining where the water is actually coming from before damage spreads into flooring, drywall, or a finished basement.
