ECN Forum Forums Code Related Discussion NEC & other Code issues baseboard heaters

I have a 240 volt SINGLE PHASE service.208 is a three phase wye.I have 240 volts 20 amp circuit 20 x 240 gives me 4800 watts.My question is do I have to knock this down to 80% x 4800 to 3840 watts?? I think it works this way.I have a 1500 watt heater 240 volts divide by 240 volts gives me 6.25 amps.times 1.25% would give me 7.8 amps for one 1500 watt heater. I'm going with two 1500 watt heaters that would be 15.6 amps four amps under 16 which is 80% of 20 amps.