Looking at the trend in fuel oil costs not to mention the increase.
Underground oil tank installation cost.
The average cost of replacing an oil tank is 1 882.
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.
The cost of oil tank replacement usually includes an above ground tank as the risks of contamination from underground tanks are too great.
Although fuel tank installation is not the cheapest project the cost of a leaking tank that that causes environmental damage can be far pricier.
The cost ranges from 800 to 3 800 to install a 220 to 330 gallon oil tank.
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.
Water or oil tank removal cost.
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.
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.
The cost for a small project is as low as 275 while larger projects may cost as much as 2 400.
Above ground oil tank removal costs vary but usually range from 408 to 1 001 with an average of 696.
If your oil tank leaks it can threaten groundwater resources on your property and in a worst case scenario cause explosive vapors to seep.
This cost incorporates the evacuating of the old heating oil tank which can keep running for about 500 to 3 000.
Underground heating oil tanks.
The goal of vermont s underground storage tank ust program is to protect human health and the environment by preventing releases of liquid petroleum and hazardous substances from storage tank systems.
Oil tank replacement cost can be 1000 to 2000 depending on oil tank prices as well as the size location and type of tank.
However some delegated counties have regulations that do apply.
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.
