Cost to Replace an Oil Tank in New York
July 02, 2025

Replacing an oil tank in New York can cost between $5,000 and $19,500+, depending on factors we will cover below, including tank location, size, and the type of replacement tank you choose. Whether you need to replace your oil tank due to a leak, old age, or to be proactive before a leak occurs, understanding the average oil tank replacement cost in NY and the process involved will help you make the best informed decision possible.
- Average cost to replace an oil tank in New York
- Factors affecting oil tank replacement costs
- Why oil tank replacement is important
- What’s included in oil tank replacement services
- Planning for your oil tank replacement
It’s important to remember that replacing an oil tank requires careful planning and trusted professionals to do the job right the first time and safely. Below, we outline the factors that influence costs, professional oil tank replacement benefits, and how Ranshaw can help you make the most of your investment.
Upgrade Your Oil Tank Today — Schedule Service With Ranshaw Now!
Ensure safety, efficiency, and compliance with expert oil tank replacement service from Ranshaw. Our professional technicians are ready to help — contact us for a quote today.
Average Cost to Replace an Oil Tank in New York
In New York, replacing an oil tank typically costs $5,000 to $9,000+ for an above-ground unit. By contrast, you can expect to spend between $12,500 and $19,500+ to replace an underground tank. While these upfront costs may seem high, investing in a modern, compliant tank offers long-term safety and efficiency if you plan on sticking with oil heat in lieu of converting your oil boiler to gas.
Factors Affecting Oil Tank Replacement Costs
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.
Why Oil Tank Replacement Is Important
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.
What’s Included in Oil Tank Replacement Services
Homeowners can expect the following services during oil tank replacement.
- Inspection and assessment. The professionals at Ranshaw assess your existing tank's condition and the surrounding area.
- Tank removal. Our experts safely remove your old tank and provide proper disposal that follows all local regulations.
- New tank installation. After clearing away space for it, we install your new, modern tank tailored to your home's needs.
- 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.
Planning for Your Oil Tank Replacement
Proper planning ensures a smooth oil tank replacement, so know your options. Learn about the different tank types, including single-wall and double-wall models, and select the one that best suits your needs. Next, budget ahead for oil tank replacement costs in NY. Include the cost of the tank itself plus expenses like installation and permits.
Before you make any final decisions, consult with the experts at Ranshaw.
Need Your Oil Tank Replaced? Contact Ranshaw for a Professional Quote!
With 60+ years of experience and a 4.8/5 Google rating, Ranshaw has what it takes to replace your oil tank. Contact us today for dependable service, reliable scheduling, and honest, upfront pricing.