Underground Oil Tank Installation Cost

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 oil tank installation cost.

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. Fuel tanks otherwise known as home heating fuel tanks or fuel oil tanks typically last around 15 to 30 years. 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. 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.

The average cost of replacing an oil tank is 1 882. 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 fuel tank installation is not the cheapest project the cost of a leaking tank that that causes environmental damage can be far pricier. 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.

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. Looking at the trend in fuel oil costs not to mention the increase. This cost incorporates the evacuating of the old heating oil tank which can keep running for about 500 to 3 000.

The cost for a small project is as low as 275 while larger projects may cost as much as 2 400. Water or oil tank removal cost. Underground heating oil tanks. Removing the old heating oil tank can run 500 3 000.

Above ground oil tank removal costs vary but usually range from 408 to 1 001 with an average of 696. The cost ranges from 800 to 3 800 to install a 220 to 330 gallon oil tank. In this manner the cost to repair heating oil tank will cost a measure of 1 800 to 5 500 or more.