I installed this on my solar water heater to turn ON/OFF EVERY PIN of the 240 volt backup circuit, a function it performs as expected. (I live in Arizona, where so much heat builds up during the day that a seasonal backup is rarely needed, so having it toggleable is handy.) Whoever said it was a three-position switch most likely has the wrong one item delivered. It should be added that turning the water heater backup element on or off is not a big deal for the switch as due to its intermittent, thermostat controlled nature it most often occurs when the element is in standby mode. Therefore, the actual switching most often occurs in an open circuit. As such, this review does not address how well the switch will hold up when continuously switching in high force, active 240 volt applications.
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