I believe you are required by code to hardwire the hot water heater and not plug it into an outlet. One assumes that you are no longer using the dryer, so you could have an electrician install the proper connection box if the current dryer outlet was in the correct location. There are other rules about requiring a disconnect if you can't see the connection point from the water heater. There are lots of ways to screw this up so I don't suggest you do it if you are not qualified.
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It is not recommended to wire a hot water heater to a dryer outlet as they have different electrical requirements and could pose a safety hazard. Consult a licensed electrician to install a separate dedicated circuit and outlet for your hot water heater to ensure proper and safe operation.
For a stove, use a 8 or 6 gauge wire with a 40 to 50 amp breaker. For a dryer, use a 10 or 8 gauge wire with a 30 amp breaker. For a hot water heater, use a 10 or 8 gauge wire with a 30 or 40 amp breaker. Be sure to consult local electrical codes and guidelines for specific requirements.
No, it is not safe to have a wire hanging out of an outlet. If you have a four-wire connection but only a three-prong outlet, this could pose a safety hazard. You should have a qualified electrician properly install a matching outlet to avoid any risk of electrical shock or fire.
No, a 8/3 wire is suitable for hooking up an electric dryer. This wire size is typically used to handle the electrical load required by a dryer. Make sure to also use the correct outlet and breaker size rated for the wire.
If you are connecting a 4-prong dryer cord to a 3-prong outlet, the extra ground wire (green or bare copper wire) should be left unconnected. Do not try to ground it by connecting it to the neutral terminal or anywhere else. This is to prevent creating a ground loop and potentially causing a safety hazard.
It is not safe or recommended to plug an electric water heater into a household outlet using a regular plug. Electric water heaters should be hardwired directly into an appropriate electrical circuit to handle the load and prevent a fire hazard. It is best to consult a licensed electrician for proper installation.