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Wilkes:
You also must determine if your heat strip is rated for 277 V operation.
Note:
With phase shift control the RMS current is the same at either 240 or 277 applied voltage. The volt-amperes at 277 is 277/240 times the volt-amperes at 240 because the load is a constant average RMS current over a half cycle, and only the voltage was scaled up.
In a sense we can argue the same is true for the on-off control if we average over a longer time period. However, during the on time both the heat strip and the source's internal resistance are stressed more greatly. I don't really know if this matters if the heat strip is rated for 277. Transformers are somewhat tolerant of short time overloads, and it is unlikely you will overload the transformer. Furthermore a heat strip is probably only active in cold weather.
The lifetime of most products is reduced as temperature rises.
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