Oil Tank Removal FAQ
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.
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We're Here to Help!
Providing Today's Solution to Yesterday's Pollution
The experienced, qualified crew from Tank Solutions has provided honest pricing and fast, dependable oil tank sweeps, tank removals, soil remediation, and related services to local homeowners for over 40 years.
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Call (908) 964-2717 or email us today to schedule a free consultation and estimate.