I'm not sure what that even means if the home is using as much power as mor e than half the solar panel is generating, how can "half" still be delivere d back to the utility? There is only one set of wires, right? This must s imply be an accounting issue, no?
I don't follow your reasoning. If they are heating water electrically, tha t is the waste regardless of having PV or not. Again, the issue is not whe re the PV energy is "going". It either gets generated and used or not.
Hot water panels would only be better in the sense that they are cheaper to install. But they are limited to heating water. Once your hot water tank is sufficiently warm, they no longer serve a purpose. PV panels can heat your water, then when the water is topped off continue making power to powe r other appliances or feed the grid.
If you don't like the "waste" in heating water with electricity, don't conf use that with the issues of making electricity by PV power. You could just as well complain about the inefficiency of burning fuel to heat water whic h powers a turbine making electricity which is transmitted hundreds of mile s just to heat water again.
Rick C.