Off Peak Service Neutral Size

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I am installing a 200 amp off-peak service panel. (In addition to the normal power panel) It will supply a 24.8 KW electric storage furnace, and a 4.5 KW water heater. No significant neutral load to speak of at all, except the control circuit for the furnace. I'm running 250 kcml AL XHHW (or possibly USE) for the hots. I'm reading that 1/0 AL is ok for the service neutral. Is that correct?
 
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