Kenneth you had an oil tank that leaked which resulted in a $300,000.00 cleanup cost, HOLY COW!!!!! How much was the house worth?
Are we talking about a house or commercial property? Single or Multi-Family?
How large of a leak was it?
Was it near a reservoir or underground stream?
Those are the factors which will determine the cost of an oil spill contamination clean up.
Usually with oil tank leaks you wonâ€™t see a FULL tank spring a leak and totally drain into the surrounding soil, those are extenuating circumstances where I can see it costing a fortune for cleanup.
By the way you keep mentioning 6 burners; I'm assuming Cg is considering a single family home vs. a commercial residential property.
My brother went to refinance his house about two years ago and the bank required an oil tank test for the refi, they found water in the tank thus determining there was contamination in the ground because of a leak.
Unfortunately he made too much money to qualify for the grant, had nothing to do with contamination, I've got to look into what is exactly covered by the EPA remediation grant.
Anyway, they drained and removed the tank, tested and removed truck loads of the soil from around the tank to cook/clean it and replaced it with back fill.
BTW. There was NO contamination in the soil but the EPA wanted it cleaned anyway... I later found after being there a total of 10 minutes that the breather pipe sticking out of the sidewalk next to his house for the oil tank was rotted at the bottom where it met the sidewalk and you could stick your finger in it, my guess that is how the water got into the tank which nobody checked. FYI, they found no holes in the tank, just a little common surface rust and assumed oil / water leaked through the pores of the rust.
All in all the total cost of the cleanup was $15,000
Depending on the degree and circumstances any kind of remediation can be expensive, from asbestos to oil leaks but still think oil heat is an excellent type of heating as I'm sure you do as well otherwise after over 20 years of having oil heat one would guess you would have opted to change it over to gas, perhaps with one of the many free offers pse&g and other gas companies offer yearly trying to get people to switch to gas by offering free & low cost system equipment change overs.
Above ground tanks should be covered in a shed or storage cover to protect it from the elements if outside, not required for indoor tanks. They should also have a catch pan under them in case of leaks, these are simple preventative measures which many homes already have, if not they should.
Also I noticed you did not mention anything about the cost of oil heat vs. gas, this can be a blog topic all on its own, actually it is.... ;-D
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