The oil tank inside your home is an unseen security guard that keeps you warm during harsh winters. It is tucked in the basement or even in your backyard. Even the most trustworthy guardians are likely to require some attention at some point. Understanding Heating oil tank replacement costs and the procedure itself is vital to any homeowner who relies on heating oil.
Why would you want to change your oil tank?
The oil tanks are designed to last for a long time, but they won’t. Age, corrosion and environmental wear can compromise the quality of oil tanks. It can be expensive to clean oil spills, and also poses a significant environmental danger. Imagine a scenario where an insignificant leak causes soil contamination near your home. The environmental impact can last for a long time and be costly.
The 275-Gallon Problem: A benchmark for replacement costs?
The tank of 275 gallons is the most common size for residential oil heating systems. While the average 275 gallon oil tank replacement cost in certain regions like Massachusetts hovers around $3,600 for a 275-gallon tank, this figure is just a starting point.
The cost of your oil tank may vary depending on a number of elements.
The Cost Constellation. Factors that affect your bill for replacing your oil tank
The location: Replacing an underground tank will cost more than replacing one that is above the ground. This is because the amount of work required for accessing and removing the tank that was previously in use is more. Accessibility is an important factor. Expect a higher price in the event that your above-ground storage tank is situated beneath landscaping, or excavation is required.
Tank Material: Single-walled steel tanks are the least expensive option but they’re also the most susceptible to rust and corrosion. Double-walled steel tanks could be pricier initially, but they provide better protection from leaks, and increase the lifespan of the storage tank. Fiberglass Reinforced Plastic (FRP) tanks are light and resistant to corrosion, however they come with a premium price tag.
Removal and disposal: The expense to remove and dispose of the old tank safely and in a responsible manner can increase the total cost. This is done by certified professionals, who ensure that your tank is cleaned properly and transported to a licensed facility to be recycled.
Line Replacement for Oil Line Replacement The replacement of your oil lines during tank replacement is a wise investment that will stop future leaks.
Other Considerations: Beyond the Basics
Permits to Replace Tanks: It is possible to obtain permits in order to be replaced with a tank by the authorities in your area.
Oil Tank Cleaning: If your previous tank is still functional but it needs to be cleaned due to accumulated sludge, factor in the expense of professional cleaning.
Pump Replacement: By re-installing your oil pump whenever you replace the tank, you can save money as well as time in the future.
investing in Peace of Mind
The replacement of your oil tank should be a top priority for home improvements. While the initial cost may appear daunting, it is in comparison to the environmental and financial consequences of a tank that is leaking. When you know the elements that influence the cost of replacement and preparing for so that you can make an informed choice that safeguards your home as well as your pocket and the environment. Be aware that a properly maintained oil tank can keep you warm and comfortable for many years to come, while a neglected one can become an expensive and messy nightmare. Make sure you replace your oil tank prior to the possibility of leaks and you will enjoy the peace of mind which comes with an efficient heater.