500-Gallon Propane Tank Price A 500-gallon propane tank averages $700 to $2,500 when installed above ground. When installed below ground, this tank costs between $1,500 and $3,000. This is the minimum tank size required to heat most homes.5 days ago

No more minimum annual consumption fees or rental costs. Whether it’s a line item on your bill or not, the propane supplier is recouping the cost of their asset on your property. They may do this by raising their price per gallon above what you would get if you owned your tank.

Beside this, Is owning your own propane tank worth it?

You can secure the least expensive fuel if you shop around in an area with options. But purchasing your own propane tank comes with all the trappings of ownership. You’re on the hook for maintenance and repairs, which can be significant over the lifespan of a tank.

Likewise, How much does a propane tank cost to buy?

The up-front costs of purchasing and installing a propane tank are significant. While costs vary based on the size of the tank and other factors, you should plan on spending at least $2,000.

Also, What is the life expectancy of a 500 gallon propane tank?

30 years

How much does a 20 lb propane tank cost?

An empty 20 lb tank will hold about 4.7 gallons of propane. That is $18.47 at $3.93 per gallon, which is the low quantity price (I just paid $3.44 per gallon when filling several tanks).

## 23 Related Question Answers Found

**How far does a 500 gallon propane tank need to be from house?**

10 feet

**Are propane tanks filled when you buy them?**

Brand new propane tanks may come with air inside and need to be “purged” before the first fill. Some newer tanks, like Bernzomatic, will have a sticker on them saying they don’t need to be purged within 6 months of the manufacture date. Purging requires a special adapter to allow a small amount of propane in.

**How much does it cost to rent a propane tank for a house?**

Annual Rental Fee $0-$250

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Cost to Install $0-$1,000

Annual Price of Propane $2,800-$3,850

Upcharge per Gallon $700-$2,100

Extra Delivery Fees $70-$210

**What is the average life expectancy of a propane tank?**

30 years

**How far does a propane tank need to be away from the house?**

10 ft.

### How full are propane tanks filled?

Propane, like water, will expand when heat is added to it. Propane, however, will increase in volume nearly 17 times greater than water over the same temperature increase. To allow for this expansion, propane containers are filled to only 80% of their capacity.

### Is propane cheaper if you own your own tank?

No more minimum annual consumption fees or rental costs. Whether it’s a line item on your bill or not, the propane supplier is recouping the cost of their asset on your property. They may do this by raising their price per gallon above what you would get if you owned your tank.

### How long will a 20 lb propane tank last at 40000 BTU?

approximately 10 hours

### How much is a propane tank cost?

The up-front costs of purchasing and installing a propane tank are significant. While costs vary based on the size of the tank and other factors, you should plan on spending at least $2,000.

### Can propane tanks be next to House?

must be placed a minimum of 10 feet from a building. must be at least 10 feet from a line of adjoining property.

### How long will a 20 lb propane tank last at 30000 BTU?

A pound of propane has 21,591 btu. So if you had a 21,500 btu heater it would run basically 20 hours on a true 20lb bottle. With a 30,000 btu heater you multiply 21,500×20(pounds)=430,000 and divide by your heater size of 30,000btu. Which gives you 14.34 hours if you run it at full all the time.

### Is my propane tank full or empty?

Weigh the tank. To measure how many pounds of propane are left in your tank, simply weigh it on a scale and subtract the TW number. For example, if a tank weighing 27 pounds has a TW of 17 pounds, there’s about 10 pounds of gas left – a little more than half a tank.

*Last Updated: 7 days ago – Co-authors : 4 – Users : 7*