Hidden in the shade of your basement, or hidden away in your backyard, your oil tank serves as a silent guardian, ensuring you stay warm during the cold winter months. Even the most reliable guardians will require attention at some time. Here’s why understanding Heating oil tank replacement costs and the process itself is crucial for any homeowner who relies on heating oil.
Why do you need to replace your oil Tank?
The tanks for oil are made to last for a long time however they aren’t guaranteed to last for long. Their integrity can be compromised by factors such as age, corrosion and wear and wear and tear. Leaks can create two problems: not only are they costly to clean, but also can pose a serious risk to the environment. Imagine that a slow leak isn’t noticed, and the soil around your house becomes polluted. The environmental damage can be long-lasting and costly.
The 275 Gallon Conundrum – A benchmark for replacing costs?
The tank of 275 gallons is the most common size for residential heating systems. Certain areas like Massachusetts the median cost of replacing tanks that hold 275 gal is $3,600. The figure, however is merely an estimation. Your actual cost can vary dramatically based on various factors.
The Cost Constellation: Factors that Influence Your Oil Tank Repair Bill
The location: Replacing an underground tank costs more than replacing one that is above ground. This is because the work involved for accessing and removing the old tank is more. Accessibility is another consideration. Be prepared for a higher cost for storage tanks above ground if the tank is situated beneath landscaping or excavation will be required.
Tank Material. Single-walled tanks of steel are the most affordable option. However, they are also more vulnerable to corrosion and rust. Double-walled steel tanks while priced higher upfront, offer better protection against leaks and can prolong the life of your tank. Fiberglass Reinforced (FRP) Tanks are lightweight and resistant to corrosion, however they come at a premium cost.
Removal and disposal – Getting rid of your old tanks and disposing of them in a safe and responsible manner adds cost to the total. The process requires qualified professionals to ensure the proper cleansing and delivery of your old tank to a licensed recycle facility.
Oil Line Replacement Removing the oil lines when you do tank replacement is an intelligent investment that can prevent future leaks.
Other considerations: Going beyond the Basics
Permits and Inspections Depending on the location you reside in and where you live, you might be required to get a permit for tank replacements. It is also necessary for the local authority to inspect the new tank installation.
Cleaning the Oil Tank If you have an old tank that is still working but needs professional cleaning due to the buildup of sludge as well as sludge, consider the cost.
Pump Replacement: Replacing the oil pump in the course of tank replacement will save you cash and time in the long run.
Insuring peace of mind:
Replacing your oil tank is a crucial home improvement task. Although the initial cost may seem daunting, it pales when compared to the financial and environmental consequences from a leaky tank. Knowing the factors that affect the cost of replacement and preparing ahead can help you make an informed choice to safeguard your wallet, home and environment. A maintained tank will keep your home warm and comfortable for the foreseeable future, but the one that’s not taken care of can become a costly nightmare. It is important to get your oil tank replaced before leaks occur and you’ll have peace of mind which comes with an efficient heater.