Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Home and Garden  > Electrical, HVAC & Energy Efficiency > Heating Oil Tank

Heating Oil Tank Cost


How Much Does a Heating Oil Tank Cost?

 
 average costRemove and Replace: $1,800-$5,500+ 
post E-mail post Post   Comments (2)

Although storage tanks for home heating oil can range in size from 50 to 20,000 gallons, there are common residential sizes in two basic types -- tanks designed to be installed aboveground are usually about 275 gallons and located in a basement, garage or shed, while underground tanks are typically 550 or 1,000 gallons.

Typical costs:

  • Removing the old heating oil tank can run $500-$3,000, depending on local rates and the size of the tank, its condition and how easily it can be reached. Aboveground tanks are typically less expensive to remove than underground tanks. Required soil testing to check for contamination can add $300-$500.
  • Installing a replacement tank (typically aboveground) can be $1,000-$2,000 or more, depending on size, location and type of tank (options such as steel, fiberglass or a combination, and single or double wall construction).
  • This brings total costs for removing an old tank and installing a replacement to $1,800-$5,500 or more. A Connecticut fuel and equipment dealer[1] estimates that a ballpark price to remove a 550-gallon underground tank covered only by grass with no obstructions and no contamination runs $1,100 to remove it, test the soil, fill the hole and plant grass seed, plus another $1,600 to install a new 275-gallon aboveground tank, or a total of $2,700 for removal and replacement.
  • If the required soil testing reveals contamination in the ground around the old tank, cleanup costs can be $2,500-$10,000 for minor contamination. The Oregon Department of Environmental Quality estimates that a typical heating oil cleanup project can run $3,500-$4,600, depending on the methods used. However, if there's extensive contamination, cleanup costs can go as high as $15,000-$100,000 and up. Many insurance companies have added "pollution exclusion" clauses to homeowner insurance policies, making homeowners responsible for all cleanup costs.
Related articles: Heating Oil, Boiler, Furnace, Propane, Propane Tank

What should be included:
  • Many older tanks (typically prior to 1985) are made of bare steel, with no corrosion protection, and will rust or get pinhole leaks, especially if installed underground or outdoors without protection from the weather. These older tanks generally last 15 to 20 years. More modern tanks may be made of fiberglass or a combination of plastic and steel, with either a single or double wall construction, and are predicted to last up to 30 years. OilheatAmerica.com[2] provides an overview.
  • Before installation, a heating oil tank should be carefully inspected and all water and ice (from condensation during shipping) removed from the interior. A Massachusetts heating oil tank specialist[3] provides a diagram of a typical aboveground oil tank installation, and a tank manufacturer provides detailed installation guidelines for an aboveground tank.
  • Permits are usually required when removing either an aboveground or underground tank. The tank must be emptied out and disposed of properly. The Massachutsetts Department of Environmental Protection[4] recommends taking notes and photos to document the work, even if everything seems to be going well.
  • Most underground residential heating oil tanks are small enough that they are exempt from federal regulations, but are governed by state or local laws. All states require a permit to install a new heating fuel oil tank, and permits are often issued by the local fire department. Check with the state's ecology/environmental agency and the local fire department.
Additional costs:
  • There may be additional costs for repairing the landscaping after a heating oil tank has been removed, particularly if it was underground.
  • It costs about $500 to test an existing underground tank and pipes to see if there are any leaks. Some experts recommend removing an old tank without this testing, because an aging tank has the potential to leak eventually. The Wisconsin Department of Commerce describes that state's rules regarding tank testing[5] .
Discounts:
  • It might be possible to negotiate a group discount if several homes in a neighborhood need to replace old heating oil tanks.
  • If contamination cleanup is required after underground tank removal but not covered under a homeowners' insurance policy, check with the state's ecology/environmental agency to see if there are grants available to help with at least some of these costs.
Shopping for a heating oil tank:
post E-mail post Post   Comments (2)
CostHelper News


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


7 Ways to Stretch Your Reduced Food Budget
End of the year budgets are tight for everyone, especially in this economy.It's especially hard for the millions of Americans who depend on government programs like food stamps to help make ends meet. || Posted November 11 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
foam abandonment
Amount: $2,300.00
Posted by: A&A in Coram, NY.Posted: November 15th, 2012 08:11AM
Size: 275Type: Granby
Foam abandonment is more convenient than digging up an old tank. A professional will remove the fluid in the tank and fill with expanding foam. The Granby steel tank (interior) with all the lines and hookups should not be more than what I paid....although two other companies wanted $600 more. Some townships even give $100 rebate with abandonment certificates.
Was this post helpful to you?   yes     no Report prohibited or spam
Outside Kerosene Tank removal/replacement
Amount: $1,445.00
Posted by: Michael Grace in Pownal, ME.Posted: October 23rd, 2012 10:10AM
Size: 220 gallonType: steel
Was this post helpful to you?   yes     no Report prohibited or spam


 

Comment On Your Experience With a Heating Oil Tank
 
Subject:  *
Amount Spent:  *
Size: Type: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.dominickfuel.com/faqs_oiltank.html
  2.  www.oilheatamerica.com/index.mv?screen=tanks
  3.  bondtitetank.com/checklist.html
  4.  www.mass.gov/eea/agencies/massdep/service/massdep-site-help.html
  5.  dsps.wi.gov/er/ER-BST-ResTk.html
More Home and Garden Topics
Check Out All Costs for Home and Garden How Much Does a Propane Tank Cost? How Much Does a Plumber Cost? How Much Does Pressure Washing Cost?

Search Thousands of Topics on CostHelper.com




Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
simple re-keying turned into outrageous replacements
Paid: 1100.00
I wanted locks rekeyed for a purchased home. I found a locksmith who runs his own business and is a one man team. $40 fee, $25 each lock for labor, and parts. Fair enough. I told him I wanted 3 locks rekeyed and one broken lock replaced... [more]
-expensive lesson
Door Lock Cost
Braces 12 yr old son
Paid: 5100.00
Insurance will pay 2000. Try not to deal with a office accepting Horizon NJ Health /Medicaid. Your child may end up waiting over 30 minutes over the scheduled appointment because Medicaid pts. need to be seen first... [more]
-LavenderBlue
Braces Cost
Child 2 surface Cavity Fill
Paid: 170.00
My dentist charges $170 for a 2-surface filling on an elementary aged child. Total bill for 9 cavities and 6 sealants is $1900... [more]
-
Cavity Filling Cost
Shingles Vaccine
Paid: 162.50
Presented at Dr. Office with mild shingles diagnosis. Was given vaccine to treat possible post shingles neuralgia. Poster in exam room showed CDC FDA protocol guidelines changed from age 60 to age 50... [more]
-Flyngator
Shingles Vaccine Cost
Air duct and furnace cleaning
Paid: 320.00
Found a deal on groupon for $59, for duct cleaning. Two guys came out a week later. They cleaned all the vents then stuck a vacuum in the main vent, they said, and let the machine go to work... [more]
-Torro
Duct Cleaning Cost
timing chain replacement
Paid: 2000.00
2001 F150 timing chain, I'm getting quoted a grand more everyone on this site, why is that?... [more]
-Chris Clingshoff
Replacing a Timing Chain Cost