FP-056A 2025

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Many times, you dont even know if the tank was properly cleaned of residual oil. If the homeowner cannot provide a written report about soil testing completed on the day of tank abandonment, you dont have evidence the tank did not leak, so yes, the tank has to be removed and tested.
Building Permit: Most local municipalities require a building permit for the installation of a new oil tank.
Check with your local government about how they handle Household Hazardous Waste. Chances are youll be able to bring them the fuel oil for cheap/free disposal. All youll need to do is pump it out, and it might take a few trips if they have limits. Once its empty, you can probably fill it with sand or concrete.
Oil tank removal costs vary, but usually range from $408 to $1001 with an average of $696. The cost for a small project is as low as $275, while larger projects may cost as much as $2400. Removing an underground tank is considerably more difficult and therefore more expensive, with an average cost of $2500.
It can be sold as long as the buyer knows theres an oil tank in use. They would also have to purchase the remaining oil in the tank at closing from seller. Buyers would also make sure the tank is not leaking and theres no soil contamination.
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One of the most significant reasons to avoid a property with an underground oil tank is the potential for environmental contamination. Over time, these tanks can corrode and develop leaks, releasing oil into the soil.

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