What You Should Know about Oil Tanks
A heating oil storage tank offers an important advantage: the ability to safely store an adequate supply of heating oil that’s ready for immediate use whenever a need to heat the home arises.
Most oil tanks are now built of corrosion-resistant materials. The newest generation of aboveground tanks generally can be installed in small or unusually shaped spaces in basements or garages. Tanks can also be installed outdoors and hidden in a tank enclosure. Some new heating oil tanks are being installed below ground using new, innovative technologies.
If your oil tank is more than 30 years old, it’s a good idea to explore your replacement options.
Today’s oil tanks are light-years ahead of the old models. They feature a sleek design and double-wall construction that includes an outer tank of corrosion-resistant galvanized steel. One manufacturer actually gives a 30-year limited product warranty and a 10-year insurance policy of up to $2 million to cover cleanup costs in the rare event of a leak. That’s a real benefit if you’re selling your home.
Contact your local heating oil company to explore your options in new oil storage tanks.