Just for grins, I poked around the Giant website today. Lo and behold there seems to be an interpretive error.
One statement says, "For 120 or 240 VAC" installations. However, that statement is misleading. It does not mean that any heater can be supplied by either 120 or 240 VAC feed. It actually means that for a 120 VAC, 12.5 amp circuit you should purchase a 1500 watt unit. If you are going to install the unit on a 240 VAC, 12.5 Amp circuit, you need to purchase a 3000 watt unit
This is supported by the spec. sheet that was provided by Giant. On that sheet, it lists the 120 VAC, 1500 Watt unit as needing a 20 amp line using 12/2 cable. (Continuous use device)
There is also a 3000 Watt model of the 130E product line. This is for use with the 240 VAC, 12.5 Amp installation.
FYI - extracted from the Giant Water Heater model 130 - Parts List.
#6 03G15/80 Screw-in element all 120V (-1R7N) ["1" I believe stands for 1500 watt]
04G30/80 Screw-in element all 240V (-3R7N) ["3" I believe stands for 3000 watt]
PPC: I'm concerned (or confused) with the math behind your service calculations. If you are to create a circuit that is only loaded to 80% of its maximum you are derating the circuit. On a 10 amp breaker this would mean (
10 X .8 = 8 amps). The maximum load you should put on this circuit is 8 amps. (At least the way I see the formulas working, am I incorrect?)
In your situation, Giant tells you that your required amperage is 12.5 amps. Water heaters, here in the U.S. are considered to be "Continuous Use" devices. According to the NEC, that means you have to size the circuit to 125% of the required amperage. Math wise, that is 12.5 X 1.25 = 15.6 amps. To me, this would mean that the required circuit should be raised to 20 Amps. A 20 amp breaker, 12/2 w ground conductors (Supported by the spec sheet from Giant - - 120 VAC, 20 amp, 12 AWG conductors, not configured on a 15 amp line). The circuit restiance would be Voltage / Amperage = Ohms > 120 / 12.5 = 9.6
Of course if Canada does not consider this device to be a continuous use device, then yes a 15 amp line would be sufficient, but the spec sheet does call for 12 AWG conductors on a 20 amp circuit.
Calculations for the 240 VAC circuit - - Watts/ Voltage = Amperage > 3000/240 = 300/24 = 12.5.
Amperage x Continuous use = required conductor load > 12.5 X 1.25 = 15.6
Voltage / Amperage = Ohms > 240 / 12.5 = 19.2
Personally I would go with a two pole, single throw 20 Amp breaker and 12/2 AWG Conductors. While 15.6 amps is within the normal +/- 10% of allowed current, I would rather be on the safe side and have conductors that I know can handle the load. (My opinion only)