Electric water heater

Hi Tom,
We have oil furnace with Boilermate - 2 adults (2 showers daily/laundry and
dishwasher once/ week). Is a tankless electric water heater our best bet?
Can the furnace be completely shut off for the summer without any damage?
If electric is the way to go, can the furnace be turned on and off in the
winter as well?
Thanks for the help, Suzie

Hi,
You might do better with an electric tank water heater. If it is insulated
with several inches of foam, it will do a decent job. The standby loss is
minimal. A tankless electric water heater is less likely to perform to your
expectations and requires a sizable electric service.
The cost of electric is close enough to oil that it might be cheaper to use
the electric full time!
Tom