18/07/2024
How much does an oil tank replacement really cost?
In the UK, many homes depend on oil tanks for heating, especially in rural areas. These tanks are essential for storing heating oil but have a limited lifespan, requiring replacement due to age, wear, or updated regulations. Replacing an old or damaged tank is crucial for maintaining safety and preventing environmental hazards like contamination.
This blog explores the costs involved in oil tank replacement, covering factors that influence pricing to help you make an informed decision when replacing your oil tank.
Reasons for replacing your oil tank
While robust and built to last, oil tanks are not immune to time and environmental factors. Here are some reasons why you might need to replace your oil tanks:
Age and Wear and Tear
Over time, oil tanks naturally deteriorate due to exposure to the elements and corrosion. The average lifespan of an oil tank is around 15-20 years, after which the risk of leaks and failures increases significantly. Regular inspections can help identify signs of wear and tear, but replacement is often the best solution for older tanks.
Compliance with New Regulations
The UK has strict regulations to ensure the safe storage of heating oil and protect the environment. These regulations change over time, and older tanks may need to be replaced to meet current standards. Upgrading to a new tank ensures compliance with the latest regulations, helping to avoid fines and legal issues while promoting safety and environmental responsibility.
Leaks and Environmental Concerns
A leaking oil tank can cause significant environmental damage, contaminating soil and groundwater and harming humans and wildlife. Detecting leaks early on can help you prevent damage, but replacing the leaking tank is the most effective way to avoid future issues.
Upgrading to a More Efficient Model
Modern oil tanks have improved technology and materials that enhance efficiency and safety. Upgrading to a newer model can provide better insulation, reduced fuel loss, and advanced monitoring systems, leading to long-term cost savings on heating oil. Additionally, newer tanks often come with extended warranties and require less maintenance.
Increased Storage Needs
As families grow or heating needs change, you may need a bigger oil tank. Replacing a small tank with a larger one ensures a consistent supply of heating oil, reducing the frequency of refills and the associated costs.
Factors affecting oil tank costs
Several factors can influence the overall cost of replacing an oil tank. Understanding these can help you budget more effectively and make informed decisions.
- Type of Tank
Oil tanks come in different styles, primarily single-skinned and double-skinned (https://www.oiltankchange.co.uk/blog/single-skin-vs-bundle-oil-tanks/). Single-skinned tanks are cheaper but offer less protection against leaks. Double-skinned (or bunded) tanks have an extra layer of protection, making them more expensive but safer and often required by regulations.
- Material
The material of the tank also affects the cost. Plastic tanks are generally more affordable, lighter, and easier to install, whereas steel tanks are more durable and long-lasting but come with a higher price tag. Both Plastic and Steel oil tanks offer a range of benefits and limitations.
- Size of the Tank:
The size of the tank is a significant cost factor. Larger tanks, which hold more oil, are naturally more expensive. However, they can be more cost-effective in the long run by reducing the frequency of oil deliveries.
- Location:
The tank’s installation location , whether above-ground or underground, impacts the cost. Above-ground tanks are generally easier and cheaper to install. In contrast, underground tanks require more complex installation procedures, including excavation, which can significantly increase the overall cost.
- Installation Complexity:
The complexity of the installation can vary widely depending on the site conditions. Factors such as the ease of access to the installation site, the need for additional groundwork, and any obstacles can all add to the installation costs.
Breakdown of oil tank replacement costs
Understanding the detailed cost breakdown of replacing an oil tank can help you budget more effectively and avoid unexpected expenses.
Cost of the Oil Tank Itself
The price of the oil tank is a significant portion of the total expense. Plastic tanks typically range from £500 to £1,000, depending on the size and features. They are lightweight, easy to install, and resistant to rust. Steel tanks usually cost between £1,000 and £2,500, offer greater durability and are suitable for larger capacities or harsher environments.
Single-skinned tanks are less expensive but provide minimal leak protection; prices generally start at around £500. Double-skinned (bunded) tanks offer enhanced leak protection and comply with stricter regulations, with prices starting at around £1,200 and going up depending on size and materials.
Installation Costs
Professional oil tank installers, such as OFTEC technicians, usually charge between £300 and £1,000, depending on the complexity of the job, experience, and area. Costs for items such as pipes, gauges, and filters can add up; these can range from £100 to £500.
Removal and Disposal of Old Oil Tank
If you need to replace an existing tank, the removal and disposal of the old one must also be considered. This process ensures safe and environmentally friendly disposal and must be carried out by a professional, such as an OFTEC-registered technician. Depending on the size and condition of the old tank, you can expect to pay between £200 and £500. Proper disposal of an old oil tank can add another £100 to £300 to your total cost, covering environmental and safety measures.
Average Total Cost of Oil Tank Replacement
Considering all these factors, the total cost of replacing an oil tank can vary significantly. A basic replacement for a small, plastic, single-skinned tank with straightforward installation can cost between £1,000 to £2,000. Complete replacement of a larger, steel, double-skinned tank with complex installation and additional features can set you back between £3,000 and £5,000 or more.
Choosing an oil tank installer
Selecting the right professional installer for your oil tank replacement ensures a safe, compliant, and efficient installation. In the UK, this process is governed by strict regulations to prevent environmental contamination and ensure safety.
1. Certified and Experienced
A certified and experienced installer can navigate all challenges while replacing an oil tank.
2. Understands UK Regulations
The UK has many regulations regarding oil tank installations to prevent leaks and spills that could harm the environment, including oil tank location, bund requirements, and building regulations.
3. OFTEC Technicians
OFTEC technicians are trained and certified to install and maintain oil tanks, ensuring compliance with current regulations. Hiring an OFTEC-registered technician offers several advantages, including:
- Professional Standards
- Regulatory Compliance
- Insurance Requirements
4. Tips for Finding Reputable Companies
Finding a reliable installer involves some research. Check a company’s certifications, accreditations, and awards. Look at customer reviews and testimonials on Google, Trustpilot, or Feefo. Getting quotes from multiple companies can also help you make the right decision.
Do you think your oil tank needs replacing? Contact a member of our team today at 01638 781710 or email us your enquiry.
