Key Takeaways
| Key Points | Information |
|---|---|
| Average Cost | $1,400 |
| Cost Range | $600 – $2,500 |
| Minimum Cost | $35 |
| Maximum Cost | $4,500 |
| Propane Tank Sizes | Range from 100 lbs. to 1,000 gallons |
| Purpose | Home heating, cooking, industrial usage, etc. |
| Rent vs. Purchase | Renting ranges from $50 to $200 per year |
| New vs. Used | New tanks generally cost more than used tanks |
| Installation Types | Above-ground vs. underground |
Propane Tank Cost
Propane tanks serve a variety of purposes in both residential and commercial settings. Understanding the cost of acquiring and maintaining a propane tank is crucial for effective budgeting and planning.
National Average Cost of Propane Tanks
| Description | Cost |
|---|---|
| National Average | $1,400 |
| Minimum Cost | $35 |
| Maximum Cost | $4,500 |
| Average Range | $600 – $2,500 |
Propane Tank Prices By Size
Gallon Propane Tank Costs
Different sizes of propane tanks cater to various needs, from small residential use to larger commercial applications.
| Tank Sizes | Above-Ground Tank | Underground Tank |
|---|---|---|
| 100 Gallon | $380 – $650 | — |
| 120 Gallon | $630 – $700 | — |
| 250 Gallon | $1,200 | — |
| 330 Gallon | $1,400 | — |
| 500 Gallon | $1,630 – $1,700 | $1,870 |
| 1,000 Gallon | $2,500 – $2,580 | $2,850 |
Average Prices By Pound
Propane tanks can also be categorized by weight, which is often more convenient for specific uses like home heating or cooking.
| Tank Weight | Suitable for | Capacity when filled to 80% | Tank Price |
|---|---|---|---|
| 100 lb. | Home fireplaces, cooking, dryers, barbecues | 25 gallons | $150 |
| 420 lb. | Home heating, hot water, dryers, fireplaces, pool heat | 100 gallons | $700 |
| 500 lb. | Small whole-home systems, generators, pool heat | 400 gallons | $1,500 |
| 1,000 lb. | Large whole-home systems, small business systems | 800 gallons | $2,500 |
Price for Large Propane Tanks
Large propane tanks are usually used for substantial commercial needs or for large homes.
Cost of Small Propane Tanks for Grills
Small propane tanks are perfect for grills or portable camping stoves. Here is a breakdown of their costs:
| Capacity (Lbs.) | Cost Empty |
|---|---|
| 4.25 | $50 |
| 11 | $50 – $60 |
| 20 | $35 |
| 30 | $50 – $70 |
| 40 | $90 – $100 |
| 100 | $140 – $165 |
Small Propane Tank Sizes
| Capacity | Weight Empty | Weight Full |
|---|---|---|
| 4.7 gal | 18 lbs. | 38 lbs. |
| 7.1 gal | 24 lbs. | 54 lbs. |
| 9.4 gal | 29 lbs. | 70 lbs. |
| 11.4 gal | 42 lbs. | 92 lbs. |
| 23.6 gal | 68 lbs. | 170 lbs. |
Cost to Rent a Propane Tank
For those not interested in purchasing a tank, renting is a viable option. Renting costs may vary based on the size of the tank.
| Tank size | Yearly cost |
|---|---|
| 250-gallon | $50 – $75 |
| 500-gallon | $60 – $180 |
| 1,000-gallon | $90 – $200 |
Costs of Propane Tanks for the Home
Underground Buried Propane Tank Cost
Underground propane tanks offer aesthetic and safety benefits. However, they come with additional costs for excavation and trenching.
Excavation and Trenching Labor Cost
The labor cost for excavation and trenching is a significant part of the installation expense for underground propane tanks. This depends on the complexity of the job and local labor rates.
Reasons To Install Your Propane Tank Underground
- Aesthetics: By placing the tank underground, it does not disrupt the landscape.
- Safety: Underground tanks are less vulnerable to damage from environmental factors or vandalism.
- Temperature Stability: Earth insulates the tank, maintaining a more stable temperature, which can be beneficial for the longevity and efficiency of the tank.
Above-Ground Propane Tank Price
Above-ground propane tanks are easier and cheaper to install compared to underground tanks. Maintenance and inspections are also simpler. However, they are more exposed to weather conditions.
Propane Prices Per Gallon
The price of propane varies by region and market conditions. Monitoring the local propane price trends helps in budgeting for future costs.
Propane Cost Per Pound
Understanding the cost per pound helps in estimating expenses, especially for smaller propane tanks used for non-commercial purposes.
Propane Usage Estimator
Estimating your propane usage can help in budgeting and determining the appropriate tank size for your needs.
| Appliance | Fuel Used |
|---|---|
| Furnace | 1 gallon/hour |
| Fireplace | 1 gallon/3 hours |
| Water Heater | 1 gallon/day |
| Hot Tub | 4 gallons/hour |
| Cooktop | 5 gallons/month |
| Dryer | 5 gallons/month |
Should I Buy Or Lease A Propane Tank?
Choosing between buying and leasing a propane tank depends on your long-term needs and financial situation.
Buying New vs. Used Propane Tanks
New tanks are generally more expensive but come with longer warranties and the latest safety features. Used tanks can be cost-effective but may require more frequent inspections and maintenance.
| Tank Sizes | Used Price | Cost New | Cost New Underground Tank |
|---|---|---|---|
| 1,000 gallon | $1,850 | $2,500 | $3,000 |
| 500 gallon | $950 | $1,700 | $2,000 |
| 330 gallon | $800 | $1,400 | — |
| 250 gallon | $650 | $1,200 | — |
| 120 gallon vertical | $550 | $700 | — |
| 120 gallon horizontal | $450 | None | — |
Purchasing Full vs. Empty
Buying a tank can either be done full or empty based on your convenience and immediate need for usage. Fully purchasing a tank often comes with an initial fill-up, making it slightly more expensive upfront but convenient.
Local Propane Tank Prices and Companies
Pricing may vary significantly based on your geographic location and local suppliers. Always compare local quotes to get the best deal.
What You Need To Know About Propane Tanks
Familiarize yourself with the basic safety tips, maintenance requirements, and legal regulations associated with propane tanks. This knowledge ensures safe and cost-effective usage.
Propane Tank FAQs
How Do Blue Rhino vs. AmeriGas Tank Prices Compare?
Blue Rhino and AmeriGas are two popular propane tank providers. Prices and services between these companies can vary. Generally, comparing the refill and exchange rates as well as any promotional offers is advisable.
Is it Better to Purchase or Rent a Tank?
Choosing to purchase or rent depends on your long-term needs. Owning a tank can be more cost-effective in the long run, while renting offers flexibility and less upfront cost.
How to Tell How Much Propane Your Tank Has Left
Using a propane tank gauge is the most accurate method. Alternatively, calculating based on weight or performing a hot water test can give approximate readings.
What is the Price of Actual Propane/Cost to Refill Your Tank?
Refill costs may vary by region and size of the tank. On average, it costs around $3 to $5 per gallon to refill a propane tank.
Should I Exchange or Refill My Old Tank?
Exchanging offers convenience but is slightly more expensive. Refilling your tank is usually cheaper but requires finding a refill station.
How Much Does Propane Tank Recertification Cost?
Recertification is necessary for safety and legal compliance. The cost is typically between $40 and $60.
What is the Difference Between Propane and Liquid Propane?
Both refer to the same substance; however, “liquid propane” is the liquid form stored under pressure in tanks, and “propane” is commonly referred to in its gaseous state used in applications.
