Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports 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 Post   Comments (4)

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:
  • Manufacturers of heating oil tanks include ConTec and Grandby Industries, and the Oilheat Manufacturers Association provides lists of manufacturers and associations[6] related to home heating oil and furnaces.
  • Most tank removal contractors are local businesses. Get referrals for a tank removal contractor from the local heating oil company, public works department, fire department or neighbors.
  • Ask for an itemized written estimate, so it's clear exactly what work is included
post Post   Comments (4)
CostHelper News


7 Fireplace and Wood Stove Safety Steps To Do This Week
Gathering around a wood stove or fireplace on a cold winter night can be wonderful experience, but it's crucial to not take basic safety for granted. || Posted November 12 2013


10 Quick and Inexpensive Home Makeover Projects To Do Before Holiday Guests Arrive
Having friends and family gather for the holidays is traditionally considered a heartwarming idea -- but the mere thought of it can also be heart-stopping if they're planning on staying at your place, and you realize your home is looking less than it. || Posted November 18 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
replacement tank
Amount: $2,000.00
Posted by: yazhen xue in Brooklyn, NY.Posted: September 9th, 2018 01:09PM
Size: 500Type:
Was this post helpful to you?   yes     no Report prohibited or spam
Heating fuel barrel or tank
Amount: $375.00
Posted by: Samantha Riddle in Spruce Pine, NC.Posted: May 3rd, 2018 10:05AM
Size: 275 gallonType: Round outdoor metal barrel up on metal s
Moved into a place with a very rusted 275gal.heating fuel barrel on metal stand. Trying to find the closest place to where I live that sells these barrels & how much they cost
Was this post helpful to you?   yes     no Report prohibited or spam
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
  6.  www.oma-oilheat.org/members.htm
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
replaced belt serpentine on 2008 chevy cobalt LS 2.2L eng.
Paid: 299.19
belt was 77.95 plus shop supplies was 22.68 labor was 188... [more]
-sharon k walton
Serpentine Belt Replacement Cost
Locksmith
Paid: 95.00
I left my keys inside... [more]
-Pepi44
Locksmith Cost
Commercial and residential power washing and window cleaning
Paid: 350.00
This company is truly amazing, I've never felt so satisfied after seeing the transformation of my home. I had green grime and algae growing rampid in the front my home. Within a few hours my home along with my deck was spotless... [more]
-Emanuel 1
Window Cleaning Cost
ER visit.
Paid: 9040.00
Thought I was having a heart attack, went to ER... [more]
-Omie
EKG Cost
Tune up
Paid: 384.00
Feel ripped off.Nearly $400 for a tune up. All that was done was a spark plug replacement and fuel induction service... [more]
-Sam Wise
Tune-up Cost
dented our friendhip
Paid: 300.00
I was asked to be MOH and other bridesmaid was out of town. She agreed to be financial co-host. Offered bride shower for 12-15 people. She said she would invite 40. My small house could barely accommodate... [more]
-70s gal
Bridal Shower Cost