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How Much Does Oil Tank Removal Cost?

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Key Takeaways
Average Cost for Underground Oil Tank Removal: $800 – $3,400
Average Cost for Basement Oil Tank Removal: $500 – $2,000
Average Cost for Above-Ground Oil Tank Removal: $400 – $1,800
Decommissioning and Disposal Costs Are Additional
Costs Vary by Location and Tank Size

Underground Oil Tank Removal Cost: $800 – $3,400 Average

Oil tanks are used in many homes for heating purposes. However, when a tank becomes outdated or begins to leak, it must be removed safely. The cost of oil tank removal can vary significantly based on the type of tank, its location, and additional factors.

Oil Tank Removal Cost

Here’s a detailed breakdown of the average costs associated with oil tank removal based on tank type:

Cost to Remove Oil Tank by Type
Tank Type
Underground Oil Tank
Basement Oil Tank
Above-Ground Oil Tank

Underground Oil Tank Removal Cost

Removing an underground oil tank requires more effort and thus tends to be more expensive. Here is the cost breakdown based on the tank capacity:

Underground Oil Tank Removal Cost by Capacity
550 gallons or less
1,000 gallons
1,500 gallons
2,000 gallons
3,000 gallons

Reasons for Higher Costs

  • Excavation: Underground tanks require excavation, which adds to labor costs.
  • Soil Contamination: Contaminated soil around the tank increases removal costs.

Basement Oil Tank Removal Cost

Basement oil tanks are somewhat easier to remove than underground tanks but still require careful handling to prevent spills. The average cost ranges from $500 to $2,000.

Factors That Affect Basement Tank Removal Costs

  • Access: Difficulty in accessing and removing the tank from the basement can increase labor costs.
  • Permit Fees: Permit fees might be required depending on local regulations.

Above-Ground Oil Tank Removal Cost

Above-ground tanks are easier and cheaper to remove, with costs averaging between $400 and $1,800. This removal is straightforward and generally less labor-intensive.

Considerations for Above-Ground Tanks

  • Condition of the Tank: Older tanks or those in worse condition may require more effort to remove.
  • Size: Larger tanks naturally cost more to remove.

Oil Tank Decommissioning and Abandonment Costs

If you choose to decommission and abandon your oil tank instead of removing it, the costs will vary. Decommissioning typically involves draining the tank, cleaning it out, and filling it with an inert substance like sand or foam.

Decommissioning Cost Factors

  1. Size of the Tank: Larger tanks will incur higher costs.
  2. Local Regulations: Compliance with local regulations can affect the overall cost.
  3. Soil Testing and Remediation: If contamination is found, soil remediation will add to the costs.

Oil Tank Removal and Disposal Cost Factors

Different elements contribute to the overall oil tank removal costs:

Additional Oil Tank Removal Costs
Oil Pumping and Disposal
Tank Removal and Disposal
Soil Testing
Fill Dirt
Patching Supply Line Holes

Influencing Variables

  • Environmental Compliance: Adhering to environmental guidelines can increase the costs.
  • Special Equipment: The need for specialized equipment significantly impacts overall costs.
  • Local Labor Rates: The cost of labor varies by region and can contribute to differences in overall pricing.

Average Oil Tank Removal Cost by Location

Oil Tank Removal Cost by Location
New Hampshire
New Jersey
New York

Oil Tank Remediation Cost

If your oil tank has leaked, you will need remediation to clean up contaminants. The cost for remediation can vary widely depending on the extent of the contamination, but it can range from a few thousand dollars to over $10,000 for more severe cases.

Old Oil Tank Removal Considerations

Removing an old oil tank involves several unique considerations:

  1. Hazardous Materials: Older tanks may contain hazardous materials that require special handling.
  2. Structural Integrity: Fragile tanks can complicate the removal process and add to the costs.
  3. Historical Contamination: Long-standing tanks might have caused more extensive soil contamination, necessitating more expensive remediation.

Frequently Asked Questions

How Can You Tell When an Oil Tank Needs to Be Removed?

Several indicators suggest that it might be time to remove your oil tank, including leaks, rust, or an outdated tank. It is also essential to consider removal if switching to a different fuel source.

Can I Remove My Own Oil Tank?

Removing an oil tank yourself is generally not advisable. The process involves specialized knowledge, permits, and adherence to environmental regulations. Mishandling can result in contamination, fines, and health hazards.

Should I Buy a House with an Underground Oil Tank?

Buying a house with an underground oil tank poses several risks, including potential soil contamination and future removal costs. It is essential to have the tank inspected and consider the long-term implications before making a purchasing decision.

Does Homeowner’s Insurance Cover Oil Tank Removal?

Homeowner’s insurance policies vary; some may cover the removal if it is necessary due to a leak or damage. Always check with your insurance provider for specifics regarding coverage.

How Much Does Water Tank Removal Cost?

Water tank removal costs differ from oil tanks and are generally less expensive. The average cost to remove a water tank ranges from $500 to $1,500, depending on its location and size.

Getting Quotes for Oil Tank Removal Services

When getting quotes for oil tank removal:

  1. Verify Licensing: Ensure the contractor holds the necessary licenses and certifications.
  2. Request Multiple Quotes: Get at least three quotes to compare services and pricing.
  3. Check References: Look for reviews and ask for references to gauge the contractor’s reliability.

Questions to Ask

  • What is included in the quote?
  • Do you handle permits?
  • How long will the removal take?
  • What steps will you take to ensure safety and environmental compliance?

By understanding the costs and factors involved, you can make an informed decision about oil tank removal.

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