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When Should a Heating Oil Tank Be Replaced?

Written on: June 5, 2023

Trust AFC with your heating oil tank replacement

oil tank replacement augusta, me With the gorgeous spring weather we’ve been having here in Central Maine, it’s understandable that you don’t want to be thinking about your home’s heating oil tank.

However, this is the ideal time to think about it, especially if the tank needs to be replaced. AFC is here to help! We sell, install, and service heating oil tanks from Roth and Granby, two of the industry leaders when it comes to quality and innovation.

Like with our HVAC and comfort equipment services, your heating oil tank installation will be backed up by the AFC Comfort Guarantee.

Today’s heating oil tanks are dramatically different than those of just a decade or so ago. New features include double-walled tanks with outer walls designed to hold 110% of the interior tank’s capacity for added security against leaks, built-in leak monitors, specialty paints and polyurethane coatings to prevent corrosion on the tank’s exterior, durable polyethylene and fiberglass interior tanks, and no-weld exteriors.

We’ve put together some common questions about heating oil tanks and their replacement to help you learn more.

What are the signs that you need to replace your heating oil tank?

Don’t wait for your tank to fail before replacing it! Heating oil tank failure can be quite expensive and a big hassle.

We strongly recommend that you check your heating oil tank regularly.

  • condensation or weeping on the outside of the tank long after the tank has been filled
  • pinhole leaks
  • blistering on the tank’s exterior, especially along the bottom
  • rust

All of these are signs that your heating oil tank is corroding. If you observe any of these issues on your heating oil tank, get in touch with AFC right away to get started on replacing it.

Does homeowner’s insurance cover heating oil tank failure?

Unfortunately, most homeowner’s insurance policies do not cover the costs of cleaning up and remediation after a heating oil tank fails.

Earlier this year, a couple near Boston faced the possibility of losing their home after a tank leak in their basement resulted in remediation costs as high as $200,000.

Our TANKShield heating oil tank insurance helps to protect you from those potential costs. If your tank fails, TANKShield will pay for the entire cost of getting a new tank, including the removal and disposal of your old tank.

What type of oil tank should you get?

There are several reasons why we advise our customers to choose aboveground heating oil tanks. One of the reasons is that leaks are easier to detect in an aboveground tank than in an underground one.

Also, if you have an underground tank, the cleanup and remediation costs will likely be much higher than an aboveground tank or a tank in your basement.

If you have an underground oil tank and plan to sell your home in the future, it can make it more challenging to find buyers. This is because buyers find the prospect of an underground heating oil tank risky in terms of potential costs.

Why is spring a good time to replace your oil tank?

With winter gone, it’s tempting to forget how fast the cold weather will return later this year. You do not want your old heating oil tank to cause any trouble with your heating system during the winter months. Since technicians are less busy during springtime, you can benefit from more flexible scheduling.

You may also save money! The good news for spring shoppers is that like most off-season equipment, heating oil tanks may be at their peak affordability just as the need for home heat is decreasing for the season.

Ready for a new heating oil tank? Contact AFC today to learn more!