An underground and buried propane tank costs between $1,125 and $5,150 with most homeowners spending $1,870 for a 500-gallon tank, and $4,400 to install a 1,000-gallon tank in metropolitan areas. Tanks from 250 gallons upward can be installed underground, with 500- to 1,000-gallon tanks being the most common.Click to see full answer. Accordingly, how long do buried propane tanks last? 30 to 40 years Secondly, how much does it cost to rent a 250 gallon propane tank? $1205 for a 250 gallon tank. That’s only the cost for the tank. There are still costs for burying it, extra regulators, additional gas lines above what is included with install and first fill. Final cost will be around $3500. Similarly, can propane tanks be buried? A: James Saladin of Ferrell Gas in Overland Park, Kan., replies: Yes, you can safely bury a propane tank. Underground propane tanks have been used for decades and have a proven safety record. Underground tanks typically installed at residences range from 120 gal. to 1000 gal., with the most common being 500 gal.Is it better to bury propane tank?Most propane providers will position the underground tank properly so that it’s unlikely to move. However, if you’re in an area prone to flooding, an underground tank can float if the water rises above the propane level in your tank. Because aboveground tanks are higher up, they are safer for flooding conditions.
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