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The issue with the 240 was that it was an old breaker box luckily I had another breaker box that was new once I switched to that and replaced the thermostats I had full power all the way through. I essentially replaced every thing except the water heater itself

After an entire day spent tracking down the problem I took your advice and replaced both thermostats and it worked when all else fails replace it all it was still cheaper than buying a new water heater thank you for the advice and help from everyone.

I'll check that out tomorrow I have another breaker box I can try thank you for the advice I'll post an update.

It's a brand new wire and double 30a breaker is it possible to be the breaker box?

I've checked the thermostat breaker it's not tripped I have 120v on each side of the top terminals on the thermostat but when I try to test them together I don't show 240 like it should but the current is there for each side.

I have a Rheem 40 gallon water heater it's got power from the breaker box all the way through the top thermostat the elements and the bottom thermostat I just replaced both elements but for some reason the water is not getting hot both top and bottom elements are 4500w/240v I also replaced the...