Propane is a versatile and efficient fuel source used for various applications, from grilling and heating to powering appliances and vehicles. Understanding the costs associated with propane tanks, including the tank itself and the propane fill, is crucial for budgeting and making informed decisions. This guide provides a detailed breakdown of propane tank costs, covering different sizes, factors influencing price, and tips for saving money.
Factors Influencing Propane Tank Costs
Several factors affect the cost of a propane tank, including:
- Tank Size: Larger tanks generally cost more upfront but can be more economical in the long run due to less frequent refills.
- Material: Steel tanks are the most common and affordable, while aluminum or composite tanks are lighter but more expensive.
- New vs. Used: New tanks are more expensive than used ones, but they come with a full lifespan and guaranteed condition.
- Supplier: Prices can vary between propane suppliers, so it’s essential to shop around.
- Location: Regional differences in demand and supply can affect propane prices.
Propane Tank Sizes and Costs
Here’s an overview of common propane tank sizes and their approximate costs:
20 lb Tank
These tanks are commonly used for BBQ grills. They are portable and can be exchanged or refilled. Note that propane tanks can only be filled to 80% of their capacity to allow for gas expansion due to temperature fluctuations.
- Dimensions: Approximately 18″ tall and 12″ in diameter.
- Capacity: Holds 5 gallons of propane.
- Empty Tank Price: $35-$50
- Average Cost to Fill: $15-$20
- Portability: Yes
- Exchangeable: Yes
- Installation: Above Ground Only
33 lb Tank
Similar to 20 lb tanks but with a larger capacity, these tanks are suitable for grills and propane heaters.
- Dimensions: Approximately 2 feet tall and 1 foot in diameter.
- Capacity: Holds 8 gallons of propane.
- Empty Tank Price: $50-$60
- Portability: Yes
- Exchangeable: Yes
- Installation: Above Ground Only
100 lb Tank
These tanks are larger and suitable for powering appliances in RVs and motorhomes. They can only be refilled at a propane refill station.
- Dimensions: Approximately 4 feet tall and 20″ in diameter.
- Capacity: Holds 25 gallons of propane.
- Empty Tank Price: $120-$150
- Portability: Yes, with assistance
- Exchangeable: Yes
- Installation: Above Ground Only
120 lb Tank
Often used in mobile homes, these tanks can power multiple appliances like water heaters and stoves. They are typically fixed permanently. At 80% capacity these tanks hold around 30 gallons of propane.
- Dimensions: Approximately 5.5 feet tall and 2 feet in diameter.
- Empty Tank Price: $400-$520
- Portability: No (permanently affixed)
- Exchangeable: Yes
- Installation: Above Ground Only
- Average Cost to Fill: $70
420 lb Tank
The 420 lb tanks are commonly used for home heating, dryers, fireplaces, pool heat, and water heaters.
- Capacity: Holds 100 gallons of propane at 80% capacity.
- Dimensions: Approximately 4 feet tall and 3 feet in diameter.
- Empty Tank Price: $600-$750
- Average Cost to Fill: $200
- Portability: Yes
- Exchangeable: Yes
- Installation: Above Ground
325 Gallon Tank
Ideal for larger homes with multiple propane-powered appliances.
- Dimensions: 9’11” in length and 30″ in diameter.
- Empty Tank Price: $1,200-$1,300
- Average Cost to Fill: $650
- Portability: Yes
- Exchangeable: Yes
- Installation: Above Ground
500 Gallon Tank
Sufficient for heating a 2500-4500 square foot home, powering generators, and heating pools. A 500-gallon tank saves you from having multiple fill-ups.
- Dimensions: Approximately 3.5 feet tall and 10 feet wide.
- Capacity: Holds 400 gallons at 80% capacity.
- Empty Tank Price: $1,600-$1,700
- Average Cost to Fill: $1,000
- Portability: Yes
- Exchangeable: Yes
- Installation: Can be installed above or below ground
1,000 Gallon Tank
Best for large homes, businesses, and farms that rely on propane as their primary fuel source, especially in cold climates. If you have a 1,000-gallon tank and use propane as your primary source of fuel, you might consider automatic delivery.
- Empty Tank Price: $2,500-$2,600
- Average Cost to Fill: $2,000
- Portability: Yes
- Exchangeable: Yes
- Installation: Above Ground
Additional Costs to Consider
Besides the tank and propane itself, consider these additional costs:
- Installation: Underground tanks require professional installation, which can be expensive.
- Recertification: Stationary propane tanks must be recertified periodically (every 12 years from the manufacture date and every 5 years after) as required by the DOT and NFPA.
- Maintenance: Regular inspections and maintenance can help prevent leaks and ensure safe operation.
- Building Codes: Ensure compliance with local building codes, especially for underground tanks (e.g., minimum distance from buildings and property lines). Underground propane tanks must be at least 10 feet away from the building, property, and away from any traffic.
Tips for Saving Money on Propane
- Shop Around: Compare prices from different suppliers.
- Monitor Usage: Track your propane consumption to identify potential leaks or inefficiencies.
- Insulate Your Home: Proper insulation reduces heating demand and propane consumption.
- Consider Tank Size: Choose the right size tank for your needs to avoid frequent refills or unused capacity.
- Take Advantage of Off-Season Pricing: Propane prices tend to be lower during the summer months.
Conclusion
Understanding the various factors that influence the cost of propane tanks and refills is essential for making informed decisions. By considering tank size, material, installation costs, and potential savings strategies, you can effectively manage your propane expenses and ensure a reliable fuel supply for your home or business.
