Underground Oil Tank Installation Cost

The cost ranges from 800 to 3 800 to install a 220 to 330 gallon oil tank.

Underground oil tank installation cost. While the cost of the new furnace installation is likely to be around double the cost of installing a new oil tank the reduction in running costs would typically payback the cost in just 2 3 years and of course the energy cost savings continue for the lifetime of the property. However some delegated counties have regulations that do apply. The cost of oil tank replacement usually includes an above ground tank as the risks of contamination from underground tanks are too great. Water or oil tank removal cost.

In this manner the cost to repair heating oil tank will cost a measure of 1 800 to 5 500 or more. Oil tank replacement cost can be 1000 to 2000 depending on oil tank prices as well as the size location and type of tank. Most home heating oil tanks are not regulated by new york state s petroleum bulk storage pbs regulations because they have a capacity of less than 1 100 gallons see the pbs registration fee worksheet pdf 11 65 kb for more information. Underground heating oil tanks.

Removing an underground tank is considerably more difficult and therefore more expensive with an average cost. The cost for a small project is as low as 275 while larger projects may cost as much as 2 400. In connecticut the ballpark cost for a 550 gallon outdoor underground tank installation is at 1 300 while a 275 gallon aboveground tank costs about 2 200. On the other hand an oil tank replacement in maine only costs between 800 and 1 100 while a new oil tank installation in new jersey costs about 1 500.

If your oil tank leaks it can threaten groundwater resources on your property and in a worst case scenario cause explosive vapors to seep. 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. Although fuel tank installation is not the cheapest project the cost of a leaking tank that that causes environmental damage can be far pricier. Fuel tanks otherwise known as home heating fuel tanks or fuel oil tanks typically last around 15 to 30 years.

Removing the old heating oil tank can run 500 3 000. Looking at the trend in fuel oil costs not to mention the increase. Above ground oil tank removal costs vary but usually range from 408 to 1 001 with an average of 696.