The oil tank in your home is a largely unseen watchdog that keeps your home warm during cold winter months. It is tucked in the basement or even in your backyard. Even the most trustworthy guardians are likely to require some attention at some time. For homeowners who use heating oil, it’s important to know the costs of replacing the tank, as well as what happens during the process.
Why Replace your Oil Tank?
Oil tanks are made to last but not for ever. Factors like age, corrosion and environmental wear and tear could compromise their integrity. Leaks in tanks can lead to two problems: not only are they costly to clean, they also represent a major environmental risk. Imagine a scenario where an unnoticed, slow leak affects the soil around your home. The environmental effects can last for a long time and be costly.
The 275-Gallon Conundrum: A Standard for Cost of Replacement?
The 275 gallon tank is most often used in heating systems that are used in homes. 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.
Your actual costs can vary substantially based upon a number of variables.
The Cost Constellation Factors affecting Your Oil Tank Replacement Cost
Installation: Replacing the underground tank will cost more than replacing one that is above ground. This is because the amount of work required to get access to and remove the old tank is higher. Accessibility plays a part. If the above-ground tank is hidden under landscaping or requires extensive excavation, expect to pay a higher cost.
Tank Material. Steel tanks with a single wall are the cheapest choice. However they are also more vulnerable to rust and corrosion. Double-walled steel tanks while priced higher upfront, offer more protection from leaks and can extend the lifespan of your tank. Fiberglass Reinforced Polymer (FRP) tanks are incredibly light, durable and resistant to corrosion and are priced at a premium.
Removal and Disposal – Taking away your old tanks and disposed of them in a safe and responsible manner can add costs to the total. The process requires licensed professionals who will ensure proper cleaning and transport to a certified recycling facility.
Line Replacement: Oil Line Replacement In the event that your existing oil lines are old or damaged, replacing them during the tank replacement can be an excellent investment to stop future leaks.
Beyond the Basics More Considerations
Permits and Inspections: Depending on the area of residence, you might need to obtain permits for tank replacement as well as be inspected for the new installation by local authorities.
Oil Tank Cleaning: If the old tank is still functional but it needs to be cleaned due to build-up of sludge, take into account the cost of professional cleaning.
Oil Pump Replacement: Replacing the oil pump in the same manner while the tank is being repaired will save you money and trouble in the long term.
Making an investment for Peace of Mind
A replacement for your oil tank should be a priority home improvement. While the initial cost of replacing your tank may be daunting however, the financial and environmental impacts are a lot more. Knowing the factors that affect the cost of replacement and preparing ahead will enable you to make an informed choice to safeguard your home, your wallet and the environment. Keep in mind that a well-maintained and maintained oil tank can keep you warm and comfortable throughout the years A neglected tank can become a messy and costly nightmare. It is important to get your oil tank replaced prior to the possibility of leaks and you’ll enjoy the peace of mind which comes with a reliable heater.