The installation time for an oil tank can vary depending on several factors, including the number of tanks being installed and any additional requirements such as bollards or a cement pad. On average, it takes 4-5 hours to install a single oil tank. However, the installation of two tanks can be a full-day job, and jobs that require bollards in a garage oil tank installation will also be a full-day job.
Key Facts
- Installation Time: On average, it takes 4-5 hours to install a single oil tank.
- Additional Factors: The installation time may vary depending on the number of tanks being installed and any additional requirements such as bollards or a cement pad.
- Cost: The cost of replacing an oil tank can range from $1,200 to $4,600, depending on the tank size, material, and location.
- Tank Lifespan: Indoor oil storage containers typically have a lifespan of about 30 years, while outdoor above-ground tanks that have been uncovered for 10 years or longer should be replaced due to rusting from the inside out.
- Environmental Impact: Aging or faulty oil tanks can lead to oil leaks, which can contaminate groundwater and require expensive environmental cleanup, costing anywhere from $20,000 to $50,000 or more.
Jobs that require the installation of a cement pad, whether inside or outside, will be a two-phase job. The cure time for a new cement pad is 72 hours. Depending on the location of the tank installation, a temporary tank may also be needed. Tanks installed with a new cement pad in an existing location require a temporary tank, while tanks installed with a new cement pad in a new location do not. In cases where the tank is installed in a new location, the crew will install the cement pad on the first visit, then return after 72 hours (or whenever is convenient for the client) to install the new tank.
Cost of Oil Tank Replacement
The cost of replacing an oil tank can range from $1,200 to $4,600, depending on the tank size, material, and location. The average cost of replacing a 275-gallon oil tank, the most common residential size, is between $3,600 and $3,850 in Massachusetts, New Hampshire, Rhode Island, and Connecticut. This cost includes the removal of the old tank, the installation of the new tank, and the replacement of any necessary piping.
Lifespan of Oil Tanks
Indoor oil storage containers typically have a lifespan of about 30 years, while outdoor above-ground tanks that have been uncovered for 10 years or longer should be replaced due to rusting from the inside out. Leaking oil tanks can lead to oil leaks, which can contaminate groundwater and require expensive environmental cleanup, costing anywhere from $20,000 to $50,000 or more.
Conclusion
Replacing an oil tank is an important investment in your home’s safety and comfort. By choosing a qualified contractor and following the proper steps, you can ensure that your oil tank is installed correctly and safely.
Sources:
- How Long Does the Removal and Installation Usually Take? – CommTank
- Oil Tank Replacement Services – CommTank
- Oil Tank Replacement Cost – HomeGuide
FAQs
How long does it take to install an oil tank?
On average, it takes 4-5 hours to install a single oil tank. However, the installation time may vary depending on the number of tanks being installed and any additional requirements such as bollards or a cement pad.
What is the cost of replacing an oil tank?
The cost of replacing an oil tank can range from $1,200 to $4,600, depending on the tank size, material, and location.
How long do oil tanks typically last?
Indoor oil storage containers typically have a lifespan of about 30 years, while outdoor above-ground tanks that have been uncovered for 10 years or longer should be replaced due to rusting from the inside out.
What are the signs that an oil tank needs to be replaced?
Signs that an oil tank needs to be replaced include leaks, rust, dents, or cracks. If you notice any of these signs, it is important to have your oil tank inspected by a qualified professional.
What are the environmental impacts of a leaking oil tank?
Leaking oil tanks can contaminate groundwater and soil, posing a risk to human health and the environment. Cleaning up an oil leak can be expensive, costing anywhere from $20,000 to $50,000 or more.
What are the benefits of replacing an old oil tank?
Replacing an old oil tank can improve the safety and efficiency of your heating system. A new oil tank is less likely to leak, and it can also help to reduce your energy bills.
What are the different types of oil tanks available?
There are two main types of oil tanks: above-ground and underground. Above-ground tanks are typically less expensive to install, but they are also more susceptible to damage. Underground tanks are more expensive to install, but they are also more protected from the elements.
What factors affect the cost of replacing an oil tank?
The cost of replacing an oil tank can be affected by several factors, including the size of the tank, the type of tank, the location of the tank, and the accessibility of the tank.