Ecosystem characteristics and processes provide significant value to human health and well-being, and there is growing interest in quantifying those values. Of particular interest are water-related ecosystem services and the incorporation of their value into local and regional decision making. This presents multiple challenges and opportunities to the hydrologic-modeling community. To motivate advances in water-resources research, we first present three common decision contexts that draw upon an ecosystem-service framework: scenario analysis, payments for watershed services, and spatial planning. Within these contexts, we highlight the particular challenges to hydrologic modeling, and then present a set of opportunities that arise from ecosystem-service decisions. The paper concludes with a set of recommendations regarding how we can prioritize our work to support decisions based on ecosystem-service valuation.