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ON-LEAKING TANK GRANT APPLICATION Table of Contents Page Number Contents 1-2 Frequently Asked Questions 3 .Application Page 4 .Application Checklist 5 .General Non-Leaking Tank Certification 6 .Contractor Non-Leaking Certification Form 7-10 .P.
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Subrogation FAQ
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The typical cost for removing a heating oil Underground Storage Tank (UST) including labor and soil sampling is $1,600 to $2,000. The amount of liquid present, local permit fees and access to the tank are factors that will adjust the price.
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Since a leaking tank is considered a hardship (not a wear-and-tear item), the cost of removal and cleanup is often covered. New Jersey is committed to funding the program every year, but the application process can be slow. It's important that you apply for a grant as soon as possible.
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Bottom line, the rebate is up to $3,000.00 for tanks removed after August 2, 2006. Qualified recipients must meet the following criteria: Recipients taxable income must be less than $250,000. Recipients net worth must be less than $500,000 (excluding your primary residence)
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New Jersey law requires that homeowners properly dispose of tanks when they discover them. Someone will have to backfill the empty tank space with sand or with small pebbles or gravel. Under state law, if you buy a property with a contaminated oil tank on it, you are responsible for it.
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There is currently no regulation prohibiting anyone from selling or buying a home with an underground oil tank in NJ. The fact of the matter is homes with underground oil tanks are less likely to sell as quickly as those with above-ground tanks or gas.
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