Propane Tank Rental Rates

Selling your home doesn t burden the next owner with acquiring propane service as the tank is part of the sale.

Propane tank rental rates. Early termination fee for customers with leased equipment you have received certain benefits from the company in exchange for your service commitment which may include but are not limited to the installation costs of the leased equipment. That means the costs associated with any repairs or routine maintenance falls on you. As owner of the tank s we are responsible for any needed maintenance and compliance with all applicable safety regulations. Leasing a propane tank is an option that many potential customers have provided they meet certain requirements.

Owning your propane tank also means taking on the responsibility of maintaining that propane tank. In most areas the propane company you purchase your liquid propane from will rent or lease the tanks to you at no cost after the initial installation. Propane prices sometimes differ for customers that own their own tank. Buying and installing a customer owned aboveground propane tank runs about 450 1 000 for a 120 or 250 gallon tank and 800 2 500 for a 500 gallon aboveground tank.

This means that a 20 lb refill may be closer to 15 or 16 pounds. Rental fees vary between 25 and 250 per year depending on the size of the tank. The price of propane varies throughout the year but hovers around 2 00 to 2 75 per gallon. The price to add an above ground tank ranges from 275 to 1 725 not including the unit.

Installing a residential propane tank costs 275 to 5 150 or 2 750 on average. It s better to install an above ground propane tank if your property is in an area with frequent flooding. When you rent your tank the tank maintenance and some repairs are typically taken care of by the propane company. Companies offering refills may charge as much as 3 25 to 4 00 per gallon.

Keep in mind that your refill will only reach 80 of capacity per industry standards. Second propane users who rent their propane tank usually find that installation and maintenance are included in the price quoted by the propane company. Buying vs leasing a propane tank. By comparison underground installation costs 1 125 to 5 150.

Suburban propane provides a storage tank for our customers use. If you arrange a lease with a qualified company they may provide you with the installation for free. This is considerably less than the 450 3 500 you pay to buy a propane tank. Propane tank rental leasing a tank.

In this case installing a 500 gallon propane tank costs around 500 to 1 000 of the 3 000 total. In the event that you terminate propane service with the company prior to the end of the initial term the company will charge you an early termination.