If a realtor is filtering out homes with a specific feature, it is important to take note. In Massachusetts, the cost to replace an above-ground oil tank starts at $1,500 and can reach $2,500. Afterwards, the tank needs to be uninstalled and then transported. The list is in street order. It may require excavation. To ensure you don’t take on someone else’s liability, test the soil around the underground oil tank. Remove any heating oil that collects in drains around the house or flows into streams, drainage ditches, ponds, etc. The cost for a small project is as low as $275, while larger projects may cost as much as $2,400. Disposal & Additional Cost. Remove any heating oil that is floating on the water table. Specific laws can be found out with a phone call to the state or town officials, but in general you must notify the authorities at least 30 days before you abandon the tank. What happened to all those old oil tanks? This really shrinks your potential buyer pool. The applicant must pay closure fees and any outstanding fees at the time of application. The UST owner, operator or designated representative must complete an Application for Removal of Underground Storage Tank with a brief scope of work, and a facility plot plan. But, for residential applications, underground tanks do not usually get much larger than 1000. A propane tank is usually placed below the ground because it contains a potentially hazardous substance and is an environmental risk. They want to to know why they are told they have to remove their underground oil tank in order to sell their home when there are no laws that say this is necessary. We are a CT oil tank company that does commercial, industrial and residential jobs. Typical sizes for underground oil storage tanks are 550 gallons or 1000 gallons. Underground Heating Oil Tanks: A Homeowner's Guide. Governing Law and Regulations . Call Us for Info Today; Family owned & operated MTR is the home-town total-solution. Underground propane tanks offer a practical way to transport propane gas through pipes directly into your home. Above ground oil tank removal costs vary, but usually range from $408 to $1,001 with an average of $696. that do not want the liability that these underground heating oil tanks may pose whether they were properly abandoned or not. Above ground tanks can cost less to remove (see below). The average heating oil tank replacement price depends on several factors, one of them is the location. Getting a copy of a tank removal permit or the written tank closure approval will not protect you unless it is accompanied with a soil test report from a certified laboratory. Prolonged storage of oil in a fuel storage tank can lead to the accumulation of sludge at the bottom of the container. Periodic removal of the sludge is important. Use CTRL-F to search, or page down, to find the street address of the property you wish to locate. Oil Tank Removal . This is not an uncommon question to answer as a Realtor when a home is sold and transferred to a new homeowner. Commercial oil tanks are either stored above ground or below ground. While it is true that there is no law that says this must be done, it is unlikely you will be able to sell your home without removing the old tank. Removing an underground oil tank takes 3 to 4 hours. * First, you can expect a pump truck to arrive and completely remove all fuel from the tank. A few companies provide coverage for liability caused by above ground or underground oil tanks up to the homeowner's policy liability limits. Underground oil tank removal cost averages $2,500. All in all, with this insight, what are you expected to do? After all, whereas it is doing what it is intended to do, then you presumably believe that you have considerably more essential things to stress over. 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