FAQs
Tank SolutionsHow Much Does it Cost to Remove an Underground Oil Tank?
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.
Does Tank Solutions apply for the permit or do I?
Tank Solutions will take care of this step for.
How long does it take to get the oil tank construction permit approved?
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.
How do you dispose of an oil tank?
Tank Solutions will clean it, load it on the truck, and take it to the recycling center
.
How long until work is scheduled?
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.
How do I know if my oil tank has been removed?
You call us for an oil tank sweep and we can determine that for you for a fee of $225.
Will a lender give you a loan if an oil tank is on property?
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.
My tank was abandoned 5-20 years ago. Do I need to remove my Tank?
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.
Is there any law that says I must remove my oil tank before I sell my house?
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.
How long does it take to remove oil tank?
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.
What is an underground storage tank (UST)?
It is your heating oil tank.
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