Full Answer
How much does an oil tank removal cost in New Jersey?
Oil Tank Removal Cost in New Jersey? The average cost for removal of an Aboveground Storage Tank (AST) is $900.00 . The typical cost for removing a heating oil Underground Storage Tank (UST) is $1,4000.00 . The amount of liquid present, local permit fees and access to the tank are factors that will adjust the price.
How much does it cost to remove an oil tank?
The remedy for this environmental pollution may cost about $10,000 or more but is dependent on the pollution scope. An oil tank that has contaminated a large property due to a leak can cost up to $100,000 to be removed and return the property to a safe state.
Do it yourself oil tank removal?
This process, called “decommissioning,” involves draining any remaining fuel oil from the tank and then either removing the tank from the ground or filling it with sand.
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How much does it cost to remove an oil tank from the ground in NJ?
Through our years of experience in this industry, we know that the industry average for underground oil tank removal in New Jersey is around $2,500 when all is said and done (and if you don't believe us, read these articles by Angie's List and improvenet.com).
Do oil tanks have to be removed in NJ?
In the state of New Jersey there are no laws that the seller has to remove an old oil tank on their property. However, buyers, attorneys, and insurance companies may not agree to have an underground oil tank. A leaking oil tank and its associated clean up can delay the process by months and could also “kill” the deal.
Do you need a permit to remove an above ground oil tank in New Jersey?
To remove an oil tank in New Jersey, you need to hire a professional tank removal company, and, per New Jersey law, that company must be licensed. The law applies to both above ground oil tank removal, as well as underground oil tank removal.
Can you sell a house in New Jersey with an oil tank in the ground?
In New Jersey residential real estate transactions, if a tank is found in the ground during inspections, the Seller will almost always agree to remove it.
Who is responsible for oil tank removal in NJ?
Getting An Oil Tank Removed in NJ In most cases, the seller will pay most or all of the cost of an oil tank removal as part of the closing agreement. 4) In the past, filling an oil tank with sand or other filler and abandoning it in place was considered an acceptable practice.
How hard is it to remove the oil tank?
Although, it is impossible to remove and oil tank by yourself and here is why: An underground oil tank removal is a hard process to encounter, and it requires specific permits from the county and/or state. The only way to obtain these permits is if you carry an NJDEP closure license.
How deep are oil tanks buried?
between 1.5 feet to 2.5 feetHow Deep are Oil Tanks Buried? The depth of the oil tank can range between 1.5 feet to 2.5 feet. However, the best way to determine the location is to look for galvanized piping that emerges from the ground, otherwise known as the vent pipe.
How do you tell if you have a buried oil tank?
On the inside of the house, go to where the furnace is installed and look for small copper lines. They often come as a set and the copper tubes will usually be pinched on the ends. This tells you the house was once heated using oil and may have a buried oil tank.
How far should oil tank be from house?
1.8 metres awayAn oil tank has to be a minimum of 1.8 metres away from any part of a building or construction that isn't fire resistant, such as doors, windows, eves and cladding.
Why do houses have oil tanks?
If your home uses heating oil, you have a tank located somewhere on your property, such as in your backyard or basement. The tank holds the oil you use to heat your home. As the oil supply decreases, the tank needs to be refilled. People do not keep tanks of natural gas on their properties.
Can you sell a house with an underground oil tank in NY?
While there is no law against the transfer of property with an underground oil tank, it is increasingly difficult to do so. Even properly decommissioned tanks run the risk of having leaked at some point in time.
What is an above ground oil tank?
Aboveground Oil Tanks Aboveground tanks are the most recognizable oil storage vessels. Their exposure makes them more visible and easier to identify. They are often easier and quicker to build and install than below ground tanks. As well as providing greater access for maintenance, repairs, and operations.
How much does it cost to remove an oil tank in Jersey City?
Each Township, Municipality and City have their own fees and requirements for Oil Tank Removals. The cost for a permit can range anywhere from $50 to $500 dollars, and with that being said, the cost to remove an Oil Tank In Jersey City may be more expensive than the cost to remove a buried tank in Princeton NJ.
What factors are considered when removing a buried oil tank?
These factors include the size of the tank, the location of the tank, the contents inside of the tank and the municipality or city where the tank is located.
What happens if a buried oil tank is full?
If the buried UST (Underground Storage Tank) is full of oil, a pump will be required to remove the oil which in most cases will add a “Pump Out” fee to the charge. If the Tank is filled with sand or foam or gravel, additional charges will apply to remove and dispose of these materials properly. If the Underground Oil Tank is filled ...
How much does it cost to remove an oil tank from a basement?
Basement oil tanks removal costs are very high - expect to pay around $1,000. Oil tanks are removed due to factors such as dysfunction, government regulations or safety reasons. An above ground oil tank can leak and may need to be removed. The leak can cause continuous problems over time if it is not dealt with immediately.
Why do you have to remove an oil tank?
If an oil tank is damaged due to corrosion or rust because it was not installed properly the law may require you to remove the tank. An oil tank which is old can also interfere with a property sale. Removing the oil tank may make it easier to sell the property. There are also municipal councils which require you to remove ...
Why is underground removal so expensive?
The underground removal cost is high because it will need to be excavated. Above ground tanks can cost less to remove (see below). The removal cost for a tank that is horizontally constructed is cheaper than a tank which has been constructed vertically.
Can you remove heating oil from basement?
There are heating oil companies that can help with removal - you may also consider a handyman service if you are just removing it from your basement. When performing an underground oil tank removal, utility lines and pipes need to located and dealt with properly to ensure that they do not tamper or mix with the oil tank contents.
How to tell if oil is in an underground tank?
For instance, there might be vents or filler pipes visible, or oil lines in the foundation wall , which would have been used to transfer the oil from the tank to the furnace inside. Indications won’t always be obvious, though.
What tools are used to find buried oil tanks?
It is best to hire professionals to perform a tank sweep, in which tools like metal detectors and ground penetrating radar are used to ensure a buried oil tank is always found.
Is there an NFA letter for cleanup in New Jersey?
5) Although state oversight is not explicitly required for cleanup efforts, A No Further Action (NFA) letter from the New Jersey Department of Environmental Protection (NJDEP) is required by lenders and insurers in most cases after an oil tank removal and/or soil remediation is completed.
Do oil tank removal companies disclose the cost of the service?
7) Most companies that provide oil tank removal will not immediately disclose the cost of the service, and say that it depends on the situation and the work involved. If you are roped into an open-ended contract like this, it is likely that you will pay far more than expected.
Can you remove an oil tank in NJ?
3) Although an underground oil tank (UST) poses a serious environmental threat and financial liability, homeowners with one on the premises are not obligated by law to remove it before selling. It is up to the buyer to negotiate this process properly.
Does New Jersey insurance cover oil leaks?
6) Most insurance companies in New Jersey will not provide coverage for an underground oil tank. For those that do provide a level of coverage, the amount covered by the policy is usually much less than an oil tank leak can realistically cost.
Can you fill an oil tank with sand?
4) In the past, filling an oil tank with sand or other filler and abandoning it in place was considered an acceptable practice. However, there is still a risk of contamination and so many banks now require oil tanks to be completely removed before they will provide a mortgage, and insurance companies will not take the risk either.