What is the Average Oil Tank Removal Cost?

oil tank removal cost

Average Oil Tank Removal Cost

There comes a time when every oil tank reaches the end of its useful service life. Business people dealing with this situation are typically wondering about oil tank removal cost, and how it fits into their budgets, especially if the removal was an unexpected need or if the tank is in bad shape.

There are various factors that impact oil tank removal cost. Knowing what can raise or lower the price will help you prepare and have a rough idea of what you’ll be spending to have a degraded, leaking, or simply outdated tank removed from your property.

Size of the Tank

Size has an impact. The larger the tank the more work that must be done to remove it. A smaller tank is easier to lift out, requiring less time and less effort, thus less cost for oil tank removal. Bigger tanks may require additional equipment for heavy lifting, which will add to the price.

Where the Tank is Located

Some oil tanks are located above ground, while others are buried. An above ground oil tank will cost less to remove than one that must be excavated.

Underground industrial storage tank removal can cost from $2,500 to remove thanks to the cost of excavation itself and the need to locate underground utilities. If your underground tank is beneath a hard surface area, you can expect to pay more.

Generally, access to the space where the tank is located will also impact the price. Tight quarters or otherwise tricky spots are more time consuming for a crew to navigate.

Condition of the Tank

A tank with oil in it will cost more to remove than a tank that has been decommissioned or is dry. Oil has to be removed properly and the more oil in the tank the more it may cost to have it disposed of properly.

If your tank is degraded or leaking, you will have to factor in land remediation services when you consider costs. Soil and water can be negatively impacted by an oil tank in poor conditions, and workers will have to take appropriately hazard precautions to handle an unsafe tank, which adds to the costs. There may be lab testing required if there is evidence of a leak, to satisfy that soil conditions meet environmental protection standards. Finally, you will need to pay for a permit for tank removal, which the team will handle for you. And, of course, it is well worth paying fair prices for a safe property!

No matter what the oil tank removal cost ends up being for you, it is important to find a trusted environmental contractor with the skills and experience to get it done correctly and efficiently. Paying for a job well done now will save a lot of headaches in the future, especially if you are dealing with a tank or surrounding environment that is not in good condition.

IEC has been completing jobs like oil tank removals in NJ for over two decades. We are happy to provide you with a carefully calculated, obligation free quote for your own oil tank removal needs. Get in touch with us today.