Underground oil tank average removal cost is in the neighborhood of $1,500. The underground removal cost is justified because it will need to be excavated from the ground.
Tank Solutions will take care of this step for.
New Jersey Townships are allowed 21 business days but in New Jersey you’ll find that most permits are approved within a week to 10 days for most oil tank removals.
Tank Solutions will clean it, load it on the truck, and take it to the recycling center
When you contact Tank Solutions for an oil tank removal and the permit has been approved, we can generally get you on our schedule within 5 to 14 days.
You call us for an oil tank sweep and we can determine that for you for a fee of $225.
Mortgage lenders are increasingly wary of residential buried oil tanks and may refuse to provide loans to purchase homes having them because oil tanks can leak over time and their oils can pollute sub-surface soils and leak into underground water.
If the tank is buried, it needs to be removed, if a fuel oil tank is left buried especially with oil still in the tank, it could eventually leak. A leaking underground storage tank (UST) can contaminate the soil as well as the home, creating an environmental hazard that can escalate the cost of removals. Mortgage lenders and insurance companies are very risk adverse and many home buyers have a difficult time procuring a mortgage or home owners insurance.
No there is no law or regulation that states you must remove an underground heating oil storage tank. However, the problem occurs when a buyer of home is under contract it will be very difficult if not almost impossible to procure a mortgage or even insurance, as most lenders and insurance carriers do not want to occur an environmental risk associated with a underground heating oil storage tank. Also, most attorneys will not allow a buyer to move forward with the transaction because they do not want their clients to take any environmental responsibility of the UST after closing, forcing you to remove the storage tank at your expense anyway.
Typically, an oil tank removal will entail one day of work. 90% of tank removal project entail 1 day of work on the subject site. Samples collected at time of removal are typically picked up by the laboratory on the next business day. Analysis takes 5 to 7 business days to complete.
It is your heating oil tank.