The cost of a residential fuel oil storage tank depends on several factors, including tank size, material (steel or plastic), local installation regulations, and current market prices. For example, a 275-gallon steel tank might cost significantly less than a larger, 1,000-gallon plastic tank. Geographic location also plays a role due to variations in labor costs and accessibility.
Safe and reliable fuel storage is essential for homes relying on oil heating. A properly installed and maintained tank ensures a consistent fuel supply, protects against leaks and environmental contamination, and contributes to the overall efficiency of the heating system. Historically, advancements in tank materials and construction have led to increased durability and safety, shifting from primarily steel to more corrosion-resistant options like plastic.