heres where i am at. my hot water is currently being made possible by my oil boiler. i personally think this is the most expensive way to heat hot water right now. i am putting in a wood boiler, but i wont be running the boiler full time, using the pellet stove for fall, spring. so, i am thinking of putting in an electric hot water heater. but, its gonna cost me. i have to get a larger electric panel, to accomodate the extra breaker. (dont have to get a bigger service) panel is going to cost me about $225, and the water heater about the same. i havent really been able to figure my direct cost for boiler hot water in the summer due to my oil companys goofy schedule. i found a calculator on the web that says my cost for elctric hot water is going to be about $30 a month. personally i think thats kinda high, considering i am single, and my demand for hot water is not to great. what do yo think? hot water - electric or oil?