The size of oil tanks ranges between 100 to 500 gallons. The most common above ground fuel oil storage tank is 275 gallons.
The cost of replacing these oil tanks varies with size and will also depend on several things.
Some of the factors that the oil tank replacement cost depends on include; where your tank will be located, the size of your tank, and the modifications that need to be made due to the new code laws that were not in place when the tank was initially fixed.
You should also note that the cost of an oil tank replacement depends on which company you employ to carry out the procedure.
However, on average, an oil tank replacement cost between $2,950 and $3,400. The cost may be up to $4,000 plus, if you are working with a double wall or a Roth tank. These rough quotes are as of 2023.
Quality Oil Tank Replacement we only work with Granby Tanks and Roth oil tanks. We are a Roth Certified installer of Roth tanks. Granby and Roth are the two biggest oil tank suppliers.
The double-wall oil tank is more expensive as it protects the environment from the spill of chemicals which can be hazardous. The oil tank is designed in a way that if the interior tank starts to leak you are protected against a spill before it starts to leak. This gives you time to replace it before an environmental hazard occurs.
Double wall oil tanks like a Roth or Granby oil tanks also minimize hazards that can be caused by oil spillage. This type of oil tank is rust-free. This makes it one of the best oil tanks available today.
Here is an example of what can happen should you get a substantial oil spill in a basement. Not a drip but substantial spill. Click Here
A lot of people choose oil tanks mainly because of the benefits it has to offer. The oil tank is an affordable, inexpensive, and long-term heating solution.
Although maintenance will make your oil tank last longer, this does not mean that you shouldn’t replace it when there’s a need for replacement.
You need to carry out oil tank replacement once the oil tank is nearing the end of its life expectancy.
The benefit of timely oil tank replacement is that it prevents hazards that can be dangerous to the well-being of you and other occupants of the home. Failure to carry out oil tank replacement when it's due can lead to fatal hazards such as oil leakage; which can also affect your health and that of the occupants of the home.
Also, having a new tank installed can qualify you for homeowner insurance against any future potential leak which could cost thousands in remediation fees.
Here is an article of what can happen to homeowners that get oil contamination with an serious oil tank leak. It can also prevent the malfunction of the heating system in your home.
Several processes go into an oil tank cost replacement. Some of these processes cannot be carried out by a non-professional or someone without oil tank replacement knowledge.
This is because the steps involved need you to have prior knowledge and experience of the steps necessary to do the work properly. Also, many towns and cities require you to get a permit from your local governments with a copy of town or city signing off the permit saying that the work was done properly. Doing this is necessary for you to get a homeowner’s insurance policy coverage, should you decide you want to get that added protection.
The processes involved in oil tank cost replacement are based on whether the oil tank is above the ground or below it. (Most residential oil tanks are above ground and this is what we specialize in. In this aspect of the article, we will take you through the processes that we at Quality Oil Tank Replacement will take to insure that the work is done right.
Before going into that, here are some factors that you need to consider before starting the replacement process.
It is important for us to know which kind of oil tank you are going to replace. Whether it's a basement oil tank replacement cost you are looking for or an outdoor tank, which may also determine the type of tank you plan on using. This will enable us, you and the professional to know how to plan risks and be prepared for what type of oil tank the professional will be working on. The two types in this category include;
● Indoor tank - this oil tank is installed in an area in your house with less traffic. Note that although you do not use this space as much, it needs to be accessible at all times. The indoor tanks are always installed above the ground, as digging up a place in your house is unsafe and can destroy the structure of the building.
● Outdoor oil tank - unlike indoor tanks, there is a variation with outdoor oil tanks. They can be placed above the ground and they can also be buried underground which is very rare in New England. However, outdoor oil tanks have a shorter lifespan as they are more exposed to environmental elements than indoor tanks. Outdoor tanks are beneficial to homeowners whose houses are small and not spacious.
Outdoor oil tanks are pretty common especially if a home is rather small or it’s in a mobile home community. So if you decide to go with the outdoor oil tank, you will only need to decide where to have installed.
● Above-ground tank - as its name implies, is installed above the ground inside a garage or basement. The main advantage of this oil tank is that it is easier to access, making it simpler to examine, repair, and remove.
Professionals need to do a few things before they do the oil tank replacement. Before moving to the replacement site to carry out the actual above-ground oil tank replacement, the professional must take some off-site steps.
Below are the two preliminary steps that your professional must take;
After this, he should access the site where the oil tank is located and assess it for any site issues that can affect the replacement process. The professional should also check the tank and review the size and features to ensure a safe tank replacement.
Now that all these are in place, you can move on to the actual on-site work. Here are the steps that the professional carrying out the oil tank replacement should take to carry out the on-site job;
If the above-ground oil tank is installed outdoors, then these additional steps should be taken;
The processes involved in replacing oil tanks need to be done by a professional as mentioned earlier. Hence, you will need to employ the services of an oil tank replacement company near you.
And if you are looking for an oil tank replacement near me company in Lowell, MA, your search ends here because Quality Furnace Repair and Replacement is here for you.
We are a company that offers affordable furnace replacement and repair services. We are reliable and have all it takes to ensure a safe oil tank replacement.
You may have come across several other companies offering oil replacement services in Lowell, MA. But, here are a few reasons why we stand out.
● We are a reputable and reliable company.
● We have a team of experts and professionals who will perform the oil tank replacement flawlessly.
● We ensure to abide by the local rules and regulations to avoid future issues for our clients.
● We dispose of the old oil tank according to EPA standards as a used fuel oil tank is considered hazardous waste.
● We have a good customer relationship with our clients, and do everything possible to make sure all our clients are happy with the services we provide.
● We are dedicated and make sure to pay attention to details.
● We believe that although all oil tanks are designed to last a long time, proper installation will give you peace of mind, which is priceless!
Do you need to replace your oil tank? Did you just build your home, and you need to install an oil tank in your home? Do you need an oil tank to replace due to leakage and other malfunctions?
If you answered yes to any of these questions, then contact us at Quality Oil Tank Replacement in Lowell MA.
We offer top-notch repair and replacement services, at affordable rates. Many time we can even give you a quote over the phone after asking you a few questions. At that point we can even send you a written email quote for your oil tank replacement making the process simple and easy.
Request a quote on your oil tank replacement today! 978-622-2344
Oil tank removal cannot be done on your own as it requires you to have specialized knowledge as well as experience. You will need the services of disposal companies.
The best time to replace an oil tank is in the spring. However, if the situation calls for you to replace your oil tank in the winter, make sure that there is another source of heat in your home.
Oil tank replacement is not a procedure that should be carried out frequently. Once the oil tank is properly maintained, there may not be a need to replace it in 15 to 20 years or more. We’ve seen oil tanks go 30 plus years.
The Department of Environmental Protection Agency says that an indoor oil tank will not last for more than 30 years.
The insurance plan you have will determine whether or not the insurance will cover the cost of oil replacement or against ground contamination. Most older insurance plans won’t cover you on your existing tank but if you get a new one and it is installed properly with the right permits and approvals you can now get coverage. For some insurance companies it may not even cost you more for your homeowners policy and some do have a small upcharge.