Your home’s oil tanks function as silent guardians who keep your home warm through the frigid winters. They are usually located in the basement, or hidden away within your yard. But like any guardian, even the most trustworthy ones will require attention at some point. Here’s why understanding Heating oil tank replacement costs and the process itself is crucial for any homeowner who relies on heating oil.
Why Replace Your Oil Tank?
Oil tanks are built to last but not for the duration of time. Corrosion, age and environmental wear can alter the structural integrity of oil tanks. Leaks in tanks can result in a double-whammy: not only are they expensive to maintain, but they also present a significant environmental risk. Imagine a scenario where a slow leak goes unnoticed, contaminating the soil surrounding your house. The cost of remediation can be extremely high, as can the environmental effects could be lasting for a long time.
The 275-Gallon Consundrum: is it a Benchmark for Replacement Prices?
A 275-gallon oil tank is the most popular size for home heating systems. In certain areas like Massachusetts the median cost to replace the fuel tank of 275 gallons is $3,600. This, however it is just an estimation. The actual price can differ greatly based on a variety of factors.
The Cost Constellation. Factors that affect your oil tank replacement bill
Location Amount: The cost to replace the tank in a basement will usually be higher than that of tanks above the ground due to the need for more labor to take out and get to the tank. Accessibility is also a factor. You may be charged more for your tank in the ground or needs substantial excavation.
Tank Material: Single-walled steel tanks are the least expensive option However, they are the most susceptible to rust and corrosion. Double-walled steel tanks, although priced higher upfront, offer greater protection against leaks and can increase the life span of your tank. Fiberglass Reinforced Plastic (FRP) tanks are light and resistant to corrosion, but they come with a premium price tag.
Removal and disposal: The expense of taking away and disposing of the old tank in a secure and responsible manner can increase the total cost. The process is performed by certified professionals who ensure that your tank is clean and then transported to a certified facility for recycling.
Line Replacement for Oil Line Replacement If your current oil lines are old or damaged replacement of them at the time of tank replacement could be an excellent investment to stop future leaks.
Beyond the Basics More Considerations
Permits and Inspections Depending on the area you live in it is possible that you will need to get a permit for tank replacements. It is also necessary for the local authorities to inspect the new tank installation.
Oil Tank Cleaning If you own an old tank that is functioning but needs professional cleaning because of the build-up of sludge and sludge in the tank, you should consider the expense.
Pump Replacement: By re-installing your oil pump when you upgrade the tank you will save money and time in the future.
Investment in peace of mind:
It is important to replace your oil tank as part of an home renovation. While the initial cost of replacing your oil tank may be daunting however, the financial and ecological consequences are far greater. You can safeguard your money, your home and the environment by planning ahead and knowing the factors that affect the price of replacement. Clean tanks will keep you comfy and warm for many years, however, a tank that is not maintained can cause a messy, costly nightmare. It is important to get your oil tank replaced before a leak happens and you’ll enjoy the peace of mind that comes from an efficient heater.