If ye olde vintage power board doesn't have enough juice to power up a hot water tank, one remedy is replacing the electric kitchen stove with a propane stove, and use that 220v-30a from the old stove for the electric hot water.
Barron's Major Brands in Belmont is the place to go, and it helps to get a better deal by showing Barron's a price quote from Lowe's or Home Depot.
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 .... Banned for life from local thrift store!
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