Cost to Replace an Oil Tank in New York

Several important factors determine overall oil tank installation cost in NY:

• Size/type of tank. A smaller tank for your oil boiler will cost less to replace than a large tank. Also, there are options when deciding on a replacement tank, such as double-wall vs. single-wall tank, which will impact the cost.
• Above-ground vs. underground tanks. Above-ground tanks typically have more affordable replacement costs as it’s a more straightforward installation process compared to an underground tank. However, if your tank is underground, it will need to be abandoned/decommissioned and a new tank will need to be installed in the basement, raising the overall cost of the replacement for the additional work.
• Removal and disposal of old tanks. Removal and disposal of old tanks includes labor and equipment. Also, expect to pay expenses related to adhering to environmental regulations for proper disposal.
• Permits and inspections. New York City mandates permits and inspections for oil tank replacement. These requirements add to your costs but ensure compliance so there are no issues down the road.
• Location and accessibility. Oil tanks in hard-to-reach areas or narrow/confined spaces may require additional labor and equipment, increasing your expenses. Also, if you have a finished basement, extra steps may be required to protect your property while removing the tank.

Replacing an old or damaged oil tank offers homeowners many benefits:

• Mitigating safety risks. Aging tanks can leak, causing environmental hazards and posing health risks to your family.
• Compliance with regulations. Older tanks may not meet New York's strict environmental and safety standards.
• Improved efficiency. Modern tanks reduce oil loss and improve heating performance, saving you money over time.

Homeowners can expect the following services during oil tank replacement.

1. Inspection and assessment. The professionals at Ranshaw assess your existing tank's condition and the surrounding area.
2. Tank removal. Our experts safely remove your old tank and provide proper disposal that follows all local regulations.
3. New tank installation. After clearing away space for it, we install your new, modern tank tailored to your home's needs.
4. Testing and final inspection. Once the new tank is in place, we test and inspect it to ensure it operates as it should and is compliant with local regulations.