If you’re considering installing a new oil tank, it’s essential to understand the cost involved. New oil tanks are a significant investment, and you want to make sure you get the best value for your money. At Quality Oil Tank Replacement, we specialize in providing high-quality oil tank replacement services. In this article, we will discuss the cost of a new oil tank and what factors influence the cost.
The Cost of a New Oil Tank
The new oil tank cost varies depending on several factors, such as the size of the tank, the type of tank, the material, and the location. The average cost of a new oil tank ranges from $1,000 to $2,500, including installation.
Factors that Influence the Cost of a New Oil Tank
- Size of the Tank
The size of the oil tank is one of the most significant factors that influence the cost. The larger the tank, the more it will cost. Residential oil tanks range from 275 to 1,000 gallons, and the cost of a new tank increases with size.
- Type of Tank
The type of oil tank you choose will also influence the cost. There are two types of oil tanks – single-walled and double-walled. Single-walled tanks are less expensive but less durable, while double-walled tanks are more expensive but provide better protection against leaks.
The material of the oil tank is another factor that can influence the cost. Steel oil tanks are less expensive, but they are more susceptible to rust and corrosion. Fiberglass oil tanks are more expensive, but they are more durable and resistant to rust and corrosion.
The location of the oil tank can also affect the cost. If the tank is located in an area that is difficult to access, such as a basement or crawl space, the cost of installation may be higher. Similarly, if the tank is located in an area that requires additional permits or certifications, the cost of installation may increase.
The cost of installation is another factor that can influence the overall cost. The installation cost includes the labor and materials required to install the new tank. If the installation requires additional plumbing or modifications, the cost may be higher.
The cost of a new oil tank can vary depending on several factors. At Quality Oil Tank Replacement, we provide high-quality oil tank replacement services at an affordable cost. Our team of experts can help you choose the best tank for your needs and budget. Contact us today for more information about our services and to get a free estimate. We pride ourselves on providing exceptional service and ensuring that our clients have a safe and reliable oil tank.
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