Your cut off needs to be after the tank and switch. This way you don’t burn stuff up. by looking at your pic it looks like you have 2 shut off’s that feed the house. One is the yellow and one looks red. Every thing looks good in the pic but the wire that’s loose off the presser switch to the hole in the wall and the other wires floating around. But they are nothing to think about.
<edit> PS I missed something…
For got about a ground wire. Your electrical panel should have a copper wire that goes to the copper pipe with in 5 feet of where it enters the wall and it should also have a jumper to bond after the tank because the tank T can be removed for replacement and for repairs.





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