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Underground Oil Tank

Posted by Natalie on April 30th, 2000 09:51 PM
In reply to Underground Oil Tanks by JL on April 16th, 2000 04:10 PM [Go to top of thread]

1 of 1 people found this post helpful

Last week I had my underground oil tank removed. It held 250 gallons and was estimated to be 25 years old. My underground tank developed leaks and water entered the tank - found this out after a new furnance was installed due to failure to run. After the furnance was installed the tank was checked!
I was told that underground tanks my size last up to 20 to 25 years - above ground tanks up to 50 years.
Very expensive to dig out the old tank - estimates were $6,500. Compared to installing an above ground tank $750 - big difference.
I lucked out - my state's (VA) DEQ (Dept of Environmental Quality) currently has a financial reimbursement program for petroleum cleanup. My state paid 100% to remove the old tank - I found a company that handled all the paperwork and removal of the old tank. I did'nt have to pay 1 cent. Let me know if you want more info.
Good luck with the home purchase.

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