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Should I Lease or Buy My Propane Tank?

Published on: June 26, 2023

When to Buy a Propane Tank and When to Lease

propane tank lease Radford, va Are you in the market for a new propane storage tank? Maybe you’ve added appliances, or built an addition and you need a bigger tank to meet your needs. Maybe your current tank is old and no longer can be certified. Or maybe you’ve bought a new home. If the previous owners leased their tank and you want to switch to a different provider, you’ll need to buy a new tank or lease one from the provider you choose.

You might be wondering if there are benefits to owning vs leasing a tank. The fact is, there are benefits and downsides to either option. But no matter what you need, the team at SWVA can help you navigate your choices and find the solution and the best tank for your situation.

Pros and Cons

The main advantage of owning your propane tank is that you can switch suppliers without having to replace your tank. That’s because if your tank is leased, you can only buy propane from the company that owns the tank.

If you plan to switch propane suppliers often—which is a bit of a hassle if you think you may save a few dollars—then owning a tank could be right for you.

The downside of owning your propane storage tank is that the responsibility for the tank is also yours. That includes maintenance, repairs, fees, safety checks, and more. There are also up-front purchase and installation costs. In fact, buying and installing your own tank could cost anywhere from $450 to $3,000, depending on its size and type!

On the other hand, if you have a company that you like and trust, leasing a tank can be your best option.

When you lease your tank from SVWA, you can rest assured we will provide safe, expert installation of your propane storage tank, and we will perform a thorough inspection of your tank and appliances and provide a safety certification for your home. And when you need a propane refill, you can count on us for prompt, reliable, safe and courteous propane delivery.

What Size Tank Is Right for You?

To help you choose the right size tank for your home or business, we need to know how you will use propane. To help you assess your needs, we’ll talk to you about a variety of factors:

  • The size and square footage of your home (or business)
  • How many propane appliances you have currently
  • If you are planning to add more propane appliances or perform any renovations or additions in the near future
  • Your heating trends and prior fuel usage

Whether you’re a homeowner or a business owner, you can rely on us for a full range of convenient services, including budget friendly payment options, automatic delivery service and, as well as equipment sales and installation. We look forward to serving you. Contact us today to learn more about propane tank leasing, or to become a customer.