Let’s face it, moving into a new home is daunting. There are several home improvement projects that creep into our minds with no light at the end of the tunnel.
At the end of the day, we are pursuing avenues that save us the most time and money.
If you heat with propane gas, determining whether to own or lease your propane tank is an issue you will confront when moving into a new home. Check out these reasons on why leasing might be better than owning.
If Time and Money are Important to you, Lease Your Propane Tank
The Up Front Cost Plus Maintenance is Expensive
The cost of purchasing a propane tanks ranges between $500 to $1,000 depending on tank size. This is a significant expense for many homeowners.
However, the cost doesn’t just stop at the price of the propane tank. In fact, that’s just the start.
Paying a Premium to Have Your Own Tank Installed
You should have an experienced, licensed propane provider install your propane tank. But if you own your propane tank, expect to pay a premium for the installation.
Companies often charge a premium to install a tank they don’t own because, from the company’s perspective, there is no guarantee you will be long term customer.
However, if you lease the tank, that shows willingness to become a steadfast customer, and you may receive a more favorable deal with the installation.
When you own your tank, you will often pay a
premium to have the tank installed on your property.
Tank Maintenance Responsibility
While propane tanks are built to last, there are occasional problems like a faulty anode or rusting tank that can happen.
If you own your tank and something goes awry, it is your responsibility and cost to fix it.
However, if you lease your tank, the propane company that owns the tank will fix it to protect their investment.
Also, by leasing, you will receive more frequent checks-ups by seasoned professionals.
The company will pay more attention to detail and wants to make sure the tank is operating efficiently because it’s their property.
Common propane tank maintenance and repairs:
- Replacing the dial chamber of your gauge
- Checking the anode
- Tightening thread valves
- Regulator replacements
Your underground tank is not exposed to the weather, corrosion, or potential vandalism, therefore repairs to the exterior will be diminished.
Benefits of Sticking with a Single Supplier
When you lease a tank from a company, that means you are dealing solely with that specific propane provider.
Routine maintenance for the tank and propane appliances fall at the feet of the company, while advantages fall at your feet.
When you lease and stick to a single supplier, you can take advantage of auto pay, special programs, and other offers.
The inconvenience of shopping around for the best price or remembering to call to get a refill will no longer take time away from your busy schedule.
Big Picture: Lease Your Tank and Avoid the Hassle
When it comes to propane, your objective is to get good service at an affordable price.
In the interest of saving money, leasing an underground propane tank will soften the blow of your pockets—long and short term.
Contact us today for more information or to schedule an appointment for your propane needs.
FAQs
Why should I lease an underground propane tank instead of buying one?
Leasing an underground propane tank eliminates the high upfront cost, typically $500–$1,000, plus installation expenses.
Propane companies often offer reduced installation rates for leased tanks since they retain ownership and expect an ongoing relationship.
You avoid the heavy initial investment and get professional setup and support.
How does leasing a propane tank reduce ongoing maintenance responsibilities?
If you lease, the propane supplier handles all maintenance and repairs—everything from valve tightening to regulator replacements—free of charge.
Because the tank belongs to them, companies typically perform frequent safety checks and upkeep to ensure efficient, long-term performance.
What are the long-term benefits of leasing an underground propane tank?
Leasing simplifies life by bundling gas delivery, automatic refill options, and billing into one consistent supplier relationship.
You get perks like autopay, special offers, and reliable service without managing tank upkeep.
This setup saves time, avoids fragmentation, and ensures hassle-free propane usage.