If your property has an old underground or aboveground oil tank, you might be wondering whether it’s time for removal. While oil tanks are built to last, they don’t last forever. Ignoring an aging or damaged tank can lead to costly repairs, environmental hazards, and even legal issues. Over time, corrosion, leaks, and structural deterioration can pose serious risks to your property and health.
Understanding the warning signs can help you take action before the problem escalates. That’s why the team from Tank Solutions has collected the key indicators here that it’s time to remove your oil tank before it turns into a costly headache.
Your Oil Tank Is Old
Most residential oil tanks last between 15 and 30 years. If your tank is reaching or exceeding this lifespan, corrosion and leaks become major risks. Even if you don’t notice visible damage, internal rust can weaken the structure and lead to unexpected failures. Aging tanks are also more susceptible to cracks, which can lead to dangerous leaks. Regular inspections can help you monitor the condition of your tank, but if it’s decades old, oil tank removal is often the safest and most responsible option to avoid long-term problems.
You Notice Leaks or Strange Odors
Leaking oil tanks don’t always show obvious signs at first, but if you smell oil or notice damp spots around the tank, it’s time to act. Even small leaks can contaminate soil and groundwater, leading to expensive remediation efforts and potential health risks. Visible rust, oil stains, or a persistent fuel smell near your tank are all indicators that something isn’t right. A slow leak can go undetected for years, but once it’s discovered, cleanup costs can be significant. If you suspect a leak, schedule an inspection and consider removing the tank before the damage worsens.
Compliance Issues
Many states and municipalities have strict regulations on aging oil tanks. If your tank doesn’t meet current environmental standards, you could face fines or be required to remove it. Environmental laws are in place to prevent soil and groundwater contamination, and outdated tanks often fail to meet today’s safety requirements. Additionally, if you’re unsure whether your tank is properly registered, maintained, or in compliance with local laws, consulting with professionals can help you stay ahead of any regulatory issues and avoid costly penalties.
The Ground Around Your Tank is Sinking or Contaminated
If you notice depressions or sinking areas in the ground near your underground oil tank, it may be a sign that the tank is deteriorating, collapsing, or leaking. Contaminated soil is another serious warning sign. If you see discoloration, dead vegetation, or an oily sheen on nearby water sources, oil may be seeping into the ground. This type of contamination can be hazardous to both the environment and your property value. The longer a leaking tank remains in place, the more expensive and complex the cleanup process becomes. Addressing the issue sooner rather than later can save you significant costs in the long run.
You’re Planning to Sell Your Property
Homebuyers and real estate agents are increasingly cautious about properties with underground oil tanks. A buried tank—especially an old, unregistered, or potentially leaking one—can delay or even derail a sale. Buyers may require proof that the tank is safe, or they may insist on removal before finalizing the purchase. In competitive real estate markets, having an underground oil tank can be a major drawback. If you’re planning to sell your home, removing your oil tank in advance can help avoid last-minute obstacles, increase buyer confidence, and potentially boost your property value.
Protect Your Property, Remove Your Oil Tank Today!
Delaying oil tank removal can lead to serious financial and environmental risks. Whether your tank is aging, leaking, or no longer in use, taking proactive steps now can prevent costly damage in the future. If you’re experiencing any of these warning signs, contact Tank Solutions online today or call (908) 964-2717 for a professional assessment. Our team ensures safe, compliant oil tank removal, helping you protect your home, your investment, and the environment.