Depending on where you live, your home fuel services will vary. More rural areas may rely on propane for heat and cooking, causing you to wonder what the cost to install a propane tank is.
The good news is that it’s more affordable than you realize, and can save you money in the long run. Additionally, properly installed, well-functioning propane tanks not only save your wallet, but the environment. Propane heat can reduce greenhouse emissions upwards of 68%, making them an excellent choice for the environmentally-conscious homeowner.
If you’re interested in learning propane tank prices, especially for an underground propane tank, then keep reading for a detailed explanation of propane tank cost for your home.
Propane Tank for Houses
When pricing out a propane tank for homes, your price will vary depending on what you need propane for. If you only need propane to cook with, then you’ll need a smaller tank. However, if your home runs on propane heat, you’ll require a larger tank.
Some propane companies will allow you to rent a tank, while others will require you to purchase one. If your propane tank is needed for external appliances such as a generator, you most likely will need to purchase your propane tank, saving you money in rental fees.
If you purchase a 500-gallon propane tank, you may need it installed underground at least 10 feet from your home. This costs roughly $2,500 installed but can be as high as $3,800. If your home is around 2,500 square feet and has multiple appliances running off of propane, then a 500-gallon tank would be your best choice.
However, if you only need smaller tanks placed on your property to cook with, you can expect to pay less. When installing a 120-gallon tank, expect to pay closer to $350.
Underground Propane Tank vs. Above-Ground Cost
If you’re considering an above-ground tank, you may wonder how the propane tank cost differs. Since above-ground tanks require less work to install, they’re more affordable. Additionally, they’re easier to maintain and repair since they’re located above-ground.
Above-ground tanks require their own set of permits and have set rules and regulations. They may need to be a certain amount of feet from your home, or situated on a concrete pad instead of on the ground directly. The need for a concrete pad can also increase the cost to install by $75-$150.
While the tank itself costs the same as an underground tank, installation is more labor-intensive and costs more. Excavation of your yard and the cost to use heavy machinery all play a factor in price. Sine your propane tank is underground, it’s also more expensive to maintain when compared to an above-ground propane tank installation.
Cost to Install a Propane Tank
The size of your propane tank and whether it’s above or underground will affect the cost to install a propane tank. How many appliances your propane tank supplies fuel for will also dictate the size of your tank, affecting cost. Underground tanks are hidden from plain sight, but are harder to maintain than above-ground tanks, raising your cost even more.
However, propane is an energy-efficient, affordable way to supply heat and cooking fuel to your home, and the cost is nominal compared to how much money you’ll save on your energy bill in the long run.
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