The Hidden Cost of Delaying Oil Tank Replacement in Older NYC Homes
The biggest hidden cost with old oil tanks comes from potential leaks. Heating oil tanks in NYC, whether underground or above-ground, do not last forever. Older steel tanks (common in pre-1980s homes) corrode over time. Internally, condensation water and sludge sit at the bottom and eat away at steel. Externally (for buried tanks), soil moisture and acidity cause rust.