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Generally a small tank leak, some soil, testing, reporting ect can run up to the $5,000.00 range. Costs can incrementally increase by thousands of dollars based on the increase in soil removal (contaminated soil) and replacement (clean fill). Could you spend $7000.00, $10,000.00 or more, yes, if the tank leak is big enough to require that expense.
So how much does heating oil tank replacement cost? The average heating oil tank replacement price is around $1,000 to $2,000 or more. The cost of the substitution will rely on upon the area, size, and your variety of tank. Oil storage tanks are normally made of steel, fiberglass, and a combination.