So how much does an oil tank installation cost?

With a good quality oil tank, and the correct maintenance, your oil tank can last up to 10 years or more. When it does come to the time of replacing it, it is common for people to ask “how much does an oil tank installation cost?”.
The cost of an oil tank installation can vary with a few factors that affect the overall price, which we will run through in this guide.

tank removal

Factors that affect the oil tank cost

The reality is that an oil tank installation can vary considerably depending on the current situation. These are some factors that affect the price:

  • The condition of your current tank
  • Whether the existing oil feed line requires replacing in part or fully
  • The size of your current tank, and the size of tank you would like to replace it with
  • Whether the engineer can easily access your current tank
  • If any work is needed to the current base of your oil tank, or if it needs replacing
  • Whether the tank requires specialist equipment hiring to remove it from site
  • The type of tank that is being removed and installed (e.g. bunded, single skinned, steel, or fire rated)

Oil tank installation cost guide

Below are some examples of typical situations that Oil Tanks Plus come across and guide prices for them:

Situation 1

The current tank is a small single skin steel oil tank on a solid base of brick pillars.

This is being replaced with a new similar sized single skin steel on the existing pillars.

Cost estimate:
Budget for between £1,800 – £2,000 inclusive of the tank, all materials, removal and recycling of the old tank and VAT

Situation 2

The current tank is a plastic bunded tank of around 1,000 litre capacity on concrete or paving flag base.

The tank is being replaced with a new 1,000 litre plastic bunded oil tank on the existing base.

Cost estimate:
Budget for between £1,500 – £1,700 inclusive of the tank, all materials, removal and recycling of the old tank and VAT

Situation 3

The current tank is an old single skin steel oil tank that holds around 2,000 litres of oil, the old pillars the tank stands upon are worn and need replacing.

The tank is being replaced with a new plastic bunded tank that holds a lower capacity of around 1,200 litres of oil, a new flagstone base is being laid as part of the job with some adjustments to the feed line.

Cost estimate:
Budget for between £1,800 – £2,000 inclusive of the tank, all materials, removal and recycling of the old tank and VAT

Situation 4

The current tank is a leaking single skin plastic tank holding around 1,200 litres of oil.

The customer is building an extension to the house and the tank needs to move 50 feet down the garden to a new location and they need a new concrete base laying to accommodate a new 1,200 litre plastic bunded tank.

Action needed:
This would require a site visit as there are often unforeseen issues with new locations that require an expert to point out and advise accordingly

Pricing of your oil tank

Hopefully, our guide has offered some guidance on what to expect when it comes to the pricing of your oil tank installation.

Prices can vary depending on the situation the engineer faces when they arrive on-site, and the condition of your old oil tank. Here at Oil Tanks Plus, we offer a free site survey before any installation, so that we can quote you properly, meaning no nasty surprise costs for you.

How much does an oil tank installation cost?
otp installations image

Why choose Oil Tanks Plus?

Oil Tanks Plus has over 25 years of experience in oil tank installations, meaning that we are confident in providing the solution to your oil tank problem, no matter the size or location. With our network of nationwide engineers, we are able to reach our customers even in the most remote locations.

If you would like to know more about oil tank installations then why not read our complete oil tank replacement guide, which tells you what to expect on the day of your oil tank replacement and talks through each step of the process.

If you would like any further information or advice, then please contact us and speak to one of our friendly experts today. Alternatively, if you already know the details of your current tank and what you are looking for, then get a quick quote by filling in your details.