How Much Does Oil Tank Removal Cost?

Average Tank Removal Cost

Above Ground Tank Removal

above ground tank removal cost

  • Low-End Cost: $275 - $600
  • Average: $700 - $900
  • High-End Price: $1,000 - $1,750

LEARN MORE: The Homeowner's Guide to Above Ground Oil Tank Removal


Average Underground Tank Removal

underground oil tank removal costs

  • Low-End Cost: $600 - $1,000
  • Average: $1,000 - $3,000
  • High-End Cost: $3,000 - $5,000

LEARN MORE: The Homeowner's Guide to Underground Tank Removal


Tank Removal Cost Factors

There are many factors that affect the cost of removing an oil storage tank. In addition to the removal method, most projects involve charges for labor and equipment, liquid disposal, permit fees, inspection fees, laboratory analysis, and more.

The total cost of removing the tank will depend upon the nature of the work, including:

Tank Location

Above ground tanks are easier to access and therefore less expensive to remove than underground tanks. Likewise, underground tanks that are buried under dirt are easier to remove than tanks that are buried under concrete or concrete (e.g., patios or driveways), and so they will be less expensive to remove, too.

Furthermore, accessibility to the site plays a huge role in removal costs. If the tank is in a tight space or in an area that the backhoe or excavator can't get to, the job will be a lot more time-consuming and expensive.

Tank Size

Small tanks will cost less to remove than large tanks. This is because A. It is more difficult to remove, and B. It is more difficult to transport and dispose of.

Liquid Disposal

if there's still oil in the tank, and the tank is large, expect the cost to go up substantially. Any leftover oil in the tank will need to be properly disposed of through a remediation process.

Permits

Oil tank removal generally requires a permit. A licensed, reputable contractor will handle the permitting process for you. Be sure to ask about permitting requirements when hiring the contractor.

Laboratory Analysis

Performing a laboratory analysis isn't always required by law, but it's an excellent way to confirm whether or not your oil tank has leaked. If you plan to sell your home in the future, and are having an underground oil tank removed, verification that the ground is not contaminated could help give you and your potential buyers peace of mind.

Remediation

In the even of fuel seapage into the ground, the remediation can drive up costs. For example, restoring polluted soil could cost more than $10,000, depending on the amount of damage there is. This cost is highly variable and based largely upon where you live and the extent of the damage.

Because oil tanks and the handling of tanks can cause pollution, a registered professional should be hired to complete the work. Having a professional handle the removal will ensure safe and legal disposal of the liquids. In all cases, moving storage tanks is dangerous, and unless you know exactly what you're doing, it's best to employ a contractor. With that being said, make sure you hire the right person for the job by asking all the right questions and keeping an eye out for red flags.
 

Find a qualified oil tank removal contractor