What is a Propane Tank Lease?

Written on: July 3, 2023

Get peace of mind with propane tank leasing from Pitmon Oil & Gas

propane tank lease Stephens county, ok Are you in the market for a propane tank? You probably have a lot of questions and concerns.

No worries! If you are new to homeownership or considering switching to propane, Pitmon Oil & Gas can assist you in comprehending the various options available for leasing, selecting, and installing a propane tank in your house.

If you didn’t know you had a choice whether to buy or lease your home’s propane tank, we’ve assembled some key information about each option along with the pros and cons for both, so you can best make an informed decision that is right for your home and your budget.

Owning a propane tank

There is only one major pro when it comes to owning your propane tank. When you own your tank, you aren’t stuck with one propane company. If you’re not happy with your propane delivery service, you can switch propane providers whenever you like without having to deal with having your leased tank removed and the new company’s leased tank installed.

You also can include the tank when you sell your house, allowing the buyer to choose their own propane company.

Now, let’s get to the cons.

Being the owner of a tank comes with the responsibility, financial and otherwise, that goes with the tank. Buying and setting up a propane tank can be costly, reaching thousands of dollars. This encompasses the cost of the tank itself and other installation charges like preparing and smoothing the ground for the tank’s location. Installing your tank underground can add a great deal to those costs.

As the owner of a propane tank, it is your responsibility to make sure that it is in good condition and safe to use. You must cover all the costs for its maintenance and repairs.

Leasing a propane tank

When you lease your propane tank from Pitmon Oil & Gas, you’re free of all that!

We will be responsible for all maintenance and regular inspections. We will take good care of the tank and make sure it is safe for you. If your needs change and you require a larger or smaller tank, we will be able to assist you.

Leasing a propane tank means you have to purchase propane only from the company you lease from. However, teaming up with a reliable local company like Pitmon Oil & Gas that prioritizes customer service can lead to a satisfying experience.

Propane tank safety and standards

Pitmon Oil & Gas is committed to ensuring that your propane tank is installed securely and correctly. This entails understanding and following all necessary local, state, and federal regulations regarding the installation of propane tanks. The following are some of the most significant rules:

Propane tanks under 125 gallons water capacity: Must be at least 10 feet from a window air conditioner and a minimum of five feet from a crawl space opening.

Propane tanks between 125 and 500 gallons water capacity: Must be placed a minimum of 10 feet from a building and at least 10 feet from a line of adjoining property.

Propane tanks up to 2,000 gallons water capacity: Must be placed a minimum of 25 feet from the building and no part of an underground tank can be less than 10 feet from a building or line of adjoining property.

With propane tank leasing from Pitmon Oil & Gas, you can enjoy having propane in your home with no worries. Contact us today to learn more!