My water heater is making my electic meter spin like mad

Hi Is this powerstar AE115 a tankless water heater? I suspect the 115 designator in the model number means it runs on 115 volts. And what is the second Tank ? Storage or an electric water heater? Both should be rapped with insulation to hold the heat. Meaning storage or electric water. Don't rap a tankless water heater. At the very least get a licensed electricen in to make sure you electrical service will support a 240 volt system. If it can , do it. Think of electricity as a river flowing. Volts are the speed the water flows. Amps are the force ( Also caled Impedeance) that push the water.( And spin your meter like a top I might add.) And resistance as how many bolders, Rocks, Old fords that are in the river bed slowing down the flow of water.Now here is where OMES LAW comes in. E= I x R. (E) volts is equel to the (I) impedeance (Amps) multiplied by the ( R) resistance. You can spin this in a clockwise direction and find the net value by dividing one from the other to get the net. ( I = R * E ) If This is true ( and it is ) if we double the voltage (current) we can realise a reduction on the Impedeance (Amps) of up to 1/2 of its current value.In other words if you were useing 100 amps @115v you will use 50 amps @240v Depending on the resistance. Sorry but I forget the voltage drop on 100 feet of copper wire but I assure you its real low.But your best bet would be to use a tankless water heater core in you boiler that you use for heat if you got one and save the electric for summer mode.