We know it’s not the most exciting of purchases. But if your oil tank is approaching the end of its life, or if you are buying a new home and it looks like you might need to replace the old tank soon it’s good to have an idea of how much an oil tank might cost so that you can budget it in.
It’s hard to give an exact figure for this, as it depends on a number of factors including capacity and style of tank.
However, in this blog we will look at how much it costs to replace a domestic oil tank, when it comes to the end of its life.
What options for oil tanks are there (and how much do they cost)?
How much it costs to install a new domestic oil tank, will depend on what tank option you go for, there is no set price.
However, on average, a domestic oil tank can cost between £595 – £2500 +vat in the UK to replace.
The style of oil tank that you choose, and the capacity of the oil tank will dictate the price that you pay, so it’s worth checking these things out on your current tank before you start looking.
We have partnered with Kingspan to provide our customers with quality oil storage solutions. Kingspan has been the market leading manufacturer of energy storage solutions for over 40 years, and offers a range of different price points which make them a suitable choice for most homes.
There are a couple of different options that are suitable for a domestic tank:
- Titan Ecosafe Bunded Oil Tank Range
- Titan Single Skin Tank Range
1. Titan Ecosafe Bunded Oil Tank Range
The Titan Ecosafe Bunded oil tank range is manufactured using recycled polyethylene. They are an excellent choice if low maintenance is important to you. They don’t rust, and no painting is required.
They come in 15 sizes, so there is a solution for all domestic requirements. Most domestic tanks are somewhere between 1000 – 1300 litre capacity, most popular is either an LP1200 (because it is small & can be easily hidden) an ES1225 because its slimline & an ES1300
As standard each of the EcoSafe oil tanks come with:
- Double skin construction
- Watchman alarm sensor
- 10 year guarantee*
- Lockable lid
- Filter and unique gate valve to protect your heating systems
- Top outlet for ease of access
- CE & OFTEC quality approval
- Spillstop automatic shut off
Our most popular oil tanks are 1000 – 1300 litre capacity – in the region of £1100 – £1400 + vat
2. Titan Single Skin tank range
The Titan Single skin oil tanks are only suitable for our domestic customers. They come in 5 different capacities, so again, there should be one that fits your needs.
They come with the following as standard:
- Watchman Sonic Oil Monitor & Tank Pack
- 2 year guarantee (1 year on equipment)
- OFCERT Approved
Our most popular titan single skin tanks are the 1000 – 1300 litre capacity which are roughly £600-800 +vat
How often does a domestic oil tank need replaced (and how do you know when it’s time)?
Replacing your oil storage tank is definitely not something that will need to be done every other year. It’s hard to put an exact number on the lifespan of a domestic oil tank, but most will last you somewhere between 15-20 years with proper care and maintenance.
It is recommended that you routinely check your oil tank for damage or degradation to eliminate risk to the environment and financial losses for yourself. Some things to look out for are:
- Check your tank for bulging (plastic tank) or corrosion (metal tank)
- Look for physical damage to your tank
- In summer months, check for condensation build-up
- Look for any oil leaks
- Keep overhanging tree branches cut back
- Make sure there no water dripping continuously onto the tank
- Check lids and caps are secure and seals for corrosion
If there are any visible signs of wear and tear then it might be time to get your tank replaced.
Oil that leaks may lead directly to rivers, streams, lakes and even garden ponds, and can be poisonous to fish and other wildlife. Plus, any damage to your tank may affect your heating, so it’s important that you get any damage checked out quickly and replace the tank if necessary.
In summary: How much does it cost to replace an oil tank?
Although your tank does not need to be replaced very often, it can be a big expense, and something that you need to plan and budget for.
So it’s worth knowing how much one might set you back, especially if you are new to oil home heating, and are moving into a new home.
It will cost on average between £800 and £4000 to replace your domestic oil tank, which is quite a variance. But how much exactly you spend will depend on what type of tank you choose, and what capacity you require.
If you are in need of a new oil tank, or need some advice, then get in touch with us.