On average, the cost of replacing a domestic oil tank can be anything between £1,500 – £2,000. This is dependent on several factors which we’ll outline in this buying guide.
What Affects The Cost Of Replacing An Oil Tank?
There are several factors which will influence the overall cost of removing, replacing and installing a new oil tank. To determine the final cost, our expert engineers will visit your site to assess the area and provide a quote. The factors they’ll consider include:
Where your tank is located
Where your existing oil tank is located will have an impact on two key things; the removal and disposal cost for your old tank and the installation cost of your new oil tank. For example, if you’re tank needs to be installed in your back garden but there is no easy access for the delivery vehicle, specialist equipment may be required for installation to go ahead.
The condition of your existing tank
If you’re existing tank is in poor condition and req
The size and type of your old and new tank
The size and type of your old tank will impact the cost of replacing it due to several factors. For example, a bigger tank is going to require more time to break apart and a bunded tank will longer than a single-skin tank to break down.
Any repairs to the base and oil feed line
If the base on which your new tank is going to be placed is damaged, this will need to be repaired at an additional cost before the new tank is installed. This is the same for the oil feed line, if damaged it must be repaired or replaced before the new tank can be installed. These costs will vary based upon the level of damage.
Any pipework changes or repairs
Over time, pipework may become damaged and faulty. If this is the case then it must be repaired and the cost will vary based on the damage. If your new tank requires changes to your existing pipework in order to be installed then this will have to be done at an additional cost.
Moving or removing existing oil
There is a cost for removing and disposing of existing oil as well as removing oil from your old tank to the new one. We have broken down these costs below.
Removal and Disposal of Oil – £15 per 100 litres of oil
Transferring Oil from your old tank to the new one – £10 per 100 litres of oil
Examples Of How Much It Costs To Replace An Oil Tank
To help you get a better idea of how much it may cost to replace your oil tank, here are some real-life scenarios:
Requirement
Updating a small, single-skinned steel tank with the same model, on its existing base.
Cost
£1,800 – £2,000
Requirement
A medium-sized, plastic bunded tank is being replaced with a new, similar model on its concrete base.
Cost
£1,500 – £1,700
Requirement
Remove a leaking oil tank and install a new tank and base in a different location.
Cost
These scenarios would require a site visit to assess the damage caused by any leaks as well as the new location requirements.
Requirement
Swapping a large single-skin steel tank for a smaller plastic bunded tank. Also replacing the old pillars with a new flagstone base.
Cost
£1,800 – £2,000
What’s Included In The Overall Cost?
Although it may seem expensive, there’s a lot of expertise, time and care that goes into replacing an oil tank. Generally, the following will be included in the overall cost:
- The new tank
- All materials
- Removal and recycling of old tank
- VAT
How Do I Find Out The Cost Of Replacing My Oil Tank?
Simply get in touch with the Oil Tank Supermarket team. For similar swaps with no damages, we can usually provide an average cost over the phone or via email. For anything more complicated, we would arrange a site visit to review the location and condition of your existing tank before providing a quote.
Finding the right oil tank for you
If you’re looking to purchase a new oil tank but you’re not sure which one is right for you, why not take a look at our Things to consider when buying a new oil tank guide.
