Used for storing home heating oil, oil tanks are a common find on residential properties, but most of them have been out of use for many years. If you have one of these old tanks on your property and it is located underground, it is a good idea to have it removed. Here is a look at some of the most common questions homeowners have when they discover they have an old oil tank in the ground on their property.
Can you remove an old oil tank on your own?
Oil tanks that are located underground can be extremely hard to remove. Plus, it is not uncommon for these tanks to have old oil still inside of them. If that oil seeps out during removal, it can create an environmental concern. It usually takes heavy equipment to remove the tank, which you may be able to get or rent. Once you do get the tank out, though, it can be hard to find a place to dispose of the tank. Some recycling centers will accept these old metal tanks, but they will have to be broken down into pieces, which poses another challenge.
How much does it cost to have an oil tank removed?
The price you pay to have an oil tank removed can vary from place to place, and the location and depth of the tank will also have an effect on the price. According to Angie's List, underground oil tank removal tends to cost around $2,500. If the tank is not located underground but it is located in the basement of your home, you can expect to pay around $1,000 for removal. Of course, oil tanks above ground are far less expensive to have professionally removed.
Why do oil tanks have to be removed?
There are several reasons why you may need to have an old oil tank removed. For one, these tanks can break down and deteriorate with time, which is especially problematic if the tank is underground. The deterioration of the tank can cause the ground to sink and basically form an unstable area. If the tank has oil in it, you are facing even bigger problems. If an oil tank leaks and causes environmental concerns, the cleanup process can be incredibly costly. If left unattended, you could actually be facing fines in some areas if the ground becomes contaminated with the old oil.
Contact a company, like A & A Oil Recovery Co, for more help.