How Much Does It Cost To Remove An Oil Tank?

If you are a homeowner, you may be wondering how much it costs to remove an oil tank. This is a common question, as many people are not sure if they should remove their old oil tank or not. The answer to this question depends on a few factors, such as the size of the tank and the location.

Assessing the Cost of Removing an Oil Tank

Assessing the cost of removing an oil tank can be daunting, but it’s important to factor in all potential expenses. Labor and size are the two main cost factors for oil tank removal, which can range from $400 to $3,000. In addition, there are additional fixed costs such as soil testing, which typically costs around $500-$1,800 and remediation, which costs around $500-$10,000.

DIY oil tank removal is not recommended, as it can be dangerous if one lacks the proper equipment and training. Plus, most states require a special permit for the removal of an oil tank. An experienced professional is needed to ensure that removal complies with all regulations regarding potential soil and water contamination, as well as disposal of leftover fuel and contaminated tank parts.

Homeowners should keep in mind the cost of oil tank replacement, as well as disposal fees for their old oil tank, which range from $200 to $700. Additionally, soil testing during removal of an aboveground tank averages $300, and as long as the tank hasn’t leaked, extensive soil testing or remediation may not be necessary.

The average cost to remove an above-ground oil tank is between $300 and $1,000. Factors that can affect the price include the amount of current oil in the tank, site accessibility, and whether fencing or other structures need to be removed first to gain access to the tank.

Overall, the average oil tank removal cost is $1,254, with a typical range of between $555 and $1,964. With all these factors in mind, homeowners can make an informed decision on how best to proceed with oil tank removal.

Planning for Necessary Safety Measures

When planning for an oil tank removal, it is important to take necessary safety measures and factor in the cost. On average, contractors charge between $1000 and $2500 for a tank removal. This cost may or may not include sampling and testing, cleanup work in the event of a leak, or other extras. It is important to be aware of the cost of removal based on the size of your tank.

Removal of oil tanks by gallon capacity can generally range as follows: 550 gallons or less: $400–$1,200; 1,000 gallons: $1,300–$1,800; 1,500 gallons: $1,900–$2,200. It is important to confirm these costs with the contractor you are working with as they may vary.

Before beginning the process of removing an oil tank, it is essential to ensure the safety of all parties involved. This includes having a professional assess the tank and its contents, as well as any potential hazards associated with the removal. It is also important to verify the proper disposal of both the tank and its contents.

Once the safety measures and costs have been planned for, the removal process can begin. It is important to keep in mind that the cost of removing an oil tank can be expensive and should be taken into consideration when making this decision.

Understanding the Process of Removing an Oil Tank

When it comes to removing an oil tank from your home, the process is not as simple as just carrying it away. There are a few things you need to take into consideration, such as the cost of removal, the size of the tank, and the type of tank. Here is a detailed look at the process of removing an oil tank.

The cost of removing an oil tank can vary, but generally speaking, most contractors charge between $1000 and $2500 for a removal. This estimate may or may not include sampling and testing, cleanup work in the event of a leak, or other extras.

Expect costs to remove oil tanks by gallon capacity to follow these trends: 550 gallons or less: $400–$1,200. 1,000 gallons: $1,300–$1,800. 1,500 gallons: $1,900–$2,200.

The cost of removing an oil tank also varies depending on its size. Larger tanks require more time and effort to remove. Some might also require special equipment, which will add to the project’s total cost. Smaller tanks are less costly because they take less time and effort to remove and may not need special tools.

Abandonment, sometimes referred to as “decommissioning,” leaves the tank in place but cleans it, fills it with concrete or foam, and tests the underlying and surrounding soil. This helps avoid the expense and complexity of removing the tank and transporting it off-site.

Highlights

– Removing an aboveground oil tank is significantly less expensive than removing an underground oil tank.
– You’ll have to decide if you want to have your tank carried away or left behind.
– Your removal expert will also conduct a soil test to check for oil leaks.
– If leakage is detected, you’re obligated to remediate the issue.
– The environmental implications of removing an oil tank from your home make this a job for licensed pros instead of a DIY project.

If it’s time to call timeout on your oil tank, expect to pay an average of $1,700 for oil tank removal—as long as there isn’t an environmental issue lurking under the surface of your soil. Find an oil tank removal service for an inspection and quote.

You might need to remove a storage tank for a variety of reasons, including the following:

– Government regulation: Some locations require the removal of tanks past their life span.
– Safety: If your oil tank is no longer in compliance, it could be a safety hazard.
– Remodeling: You might need to move or remove your oil tank to make room for a remodeling project.

Securing the Services of a Professional Oil Tank Removal Company

Removing an oil tank from your home requires the help of a professional. The cost of oil tank removal will vary based on the size and location of the tank, as well as any environmental factors involved. Generally speaking, the average cost for oil tank removal is between $400 and $2,200 for tanks that are 550 gallons or less, $1,300 and $1,800 for tanks with 1,000 gallons, and $1,900 and $2,200 for tanks with 1,500 gallons.

Most homeowners insurance policies do not cover the cost of oil tank removal. Homeowners should check their policy closely or talk to their insurance agent to find out if theirs does, as some exceptions may apply. Additionally, homeowners can choose to amend their policy to cover the cost of removal if there is a leak, or take out a special oil tank insurance policy to cover removal and replacement.

Disposing of an oil tank can be done by taking it to a dismantling yard or salvage yard for recycling, or contacting a local landfill for more information. If the tank has degraded, this increases the chances of corrosion which could lead to leakage. In such cases, 36 states have funds that offer financial assistance for damage caused by oil tank releases.

If you choose to leave the tank in the ground, this process is called oil tank abandonment. Your contractor will charge you for dirt fill or foam used to fill the tank after cutting it open. The typical cost for tank abandonment services that include light excavation, cut out of the tank, tank draining, tank washing, and the addition of foam or dirt fill is between $1,000 and $3,000.

With the help of a professional, you’ll be able to safely and effectively remove your oil tank without putting your home and family at risk. It’s important to remember that the cost of the job depends on the size and location of the tank, as well as any environmental factors, so make sure to get an inspection and quote from a certified oil tank removal service to determine the exact cost.