Definitely. Heat Pumps are often the simplest replacement for an electric water heater.
They have a storage tank much like an electric water heater. They use the same plumbing and electrical connections as electric water heaters. They can be quickly installed by a licensed plumber and they consume about a third of the electricity than a traditional electric water heater.
The one thing to be aware of is that the water in the tank may take a bit longer to heat but a Rheem Heat Pump comes with an electric back-up element for those times when the ambient temperature (weather) gets really cold.
Talk to your plumber or installer about the storage capacity to make sure you have enough hot water when you need it.