It is probably like mine, there is another switch on the water heater itself. (open the outside hatch door, it is a rocker switch hidden under the control valve).
If you intend to use the elec heating element, leave the switch on the water heater itself on, and control with the one on control panel. (Our elec rates are very high, so when parked at home, I turn the switch off that is on the water heater, so that someone does not inadvertantly power up the water heater on elec
.) BTW, if you want fast recovery, you can use both.