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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.
If you're asking, ?Are underground oil tanks legal in NJ,? the answer is yes. However, per NJ underground oil tank regulations, you should remove your tank to avoid leak issues. We have years of experience removing underground oil storage tanks at Stewart Environmental Remediation.
Underground oil tanks were common from the 1930s to the 1980s. Due to their size and unsightliness, as well as the risk of vandalism and theft, tanks were often buried, explains real estate attorney and investor Rajeh Saadeh.
Currently, a property owner has two options to legally decommission an underground oil tank: to abandon the tank in place by having it filled with sand or foam, or the remove the oil tank from the property.
One common question I often get at least every few months is whether or not a seller can sell a house in New Jersey with an abandoned underground oil tank. Sellers definitely can, and it does happen somewhat frequently where the seller can sell like that.
Therefore, it is essential to perform an oil tank inspection. If not removed, oil tanks are a potential liability that can cost you extra funds, especially if the oil tank leaks.
In these cases, a tank closure in place is the preferred option. Petroleum storage tanks once cleaned can be filled with an inert material, such as sand, concrete slurry or foam.
If you're asking, ?Are underground oil tanks legal in NJ,? the answer is yes. However, per NJ underground oil tank regulations, you should remove your tank to avoid leak issues. We have years of experience removing underground oil storage tanks at Stewart Environmental Remediation.