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


10 Key Ways to Prepare for Extreme Snow
Forecasters are predicting a true nor'easter will hit the eastern and central states with rain, thunderstorms, ice, snow and high winds over the Thanksgiving weekend. It's crucial to plan ahead, before bad weather hits. || Posted November 26 2013


10 Most Popular Cosmetic Procedures Before the Holidays
With reunions and other get-togethers scheduled during the holiday season, most people want to look their best at this time of year. For some, that means filling in those wrinkles with a bit of botox, or having a nip and tuck down here and there. || Posted November 23 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
Insulation and labor of sump pump
Paid: 11000.00
My 87 year old mother was just told by Roto Rooter it would cost her 11,000 for a submersible sump pump to be instaled and connected to her city sewer... [more]
-Maryizene
Sump Pump Cost
Disposals
Paid: 265.00
$265.00 is about the going rate for a badger 5 disposal in the Cincinnati area.... [more]
-Mark45236
Garbage Disposal Cost
timing belt, water pump and thermostat
Paid: 800.00
My car over heated and the thermostat needle was fully up. They replaced the water pump, thermostat, timing belt and other old hoses once they were inside the engine...plus an oil change. in my 1998 Pathfinder. All is well after that... [more]
-CBG
Replacing a Timing Belt Cost
Dentures
Paid: 6000.00
This will be my second set of dentures. I've learned there are different types for different budgets. My first pair were premium and lasted over 25 years... [more]
-MaggieMae 368
Dentures Cost
Gift of love
Paid: 300.00
I just made my son's wedding cake. It was 4 tiers, with a rough frosting exterior. The frosting was made with real butter and whipping cream. The cake layers were baked from scratch. It cost $300 for the ingredients and supplies... [more]
-Debobo
Wedding Cake Cost
Home visit, euthanasia & communal cremation
Paid: 300.00
Our experience was very similar to Sharlene's in Anaheim. Our lab (70 lbs.) was almost 15. He was given a sedative (shot) first. We had the convertible couch bed open in the living room... [more]
-Mary K Swift
Pet Euthanasia Cost