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Buying and Leasing a Propane Tank

Helpful Tips To Help Decide What’s Right for You

There are a lot of reasons you might need a new propane tank. Maybe you’ve added new appliances or built an addition onto your home and need a bigger tank to meet your needs. Perhaps your current tank has reached its expiration—whether due to old age or poor maintenance. Or maybe you’ve bought a new home entirely and are deciding propane is the home fuel you wish to use.

Whether you opt to buy or lease a new propane storage tank, there are both distinct benefits and downsides. The pros at PitStop Propane and Fuels can help you navigate your choices and find the solution and the best tank for your needs.

Should I Lease or Buy My Propane Tank?

Truth be told, the only notable advantage of owning your propane tank is that you can buy your propane from any supplier. If your tank is leased, you can only buy propane from the company that owns the tank.

If you’ve purchased a new home and the previous owners leased their tank, you’ll continue to use the same company. If you want to switch, however, you’ll need to either get a new tank or lease one from the provider you choose. So, 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 in addition to 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. If you live here in Southern Maine, the pros at PitStop can provide safe, expert installation of your propane storage tank. Additionally, we will perform a thorough inspection of your tank and appliances and provide a safety certification for your home to ensure the job is done right the first time.

And when you need a propane refill, PitStop Propane and Fuels is here for you with prompt, reliable, safe and courteous propane delivery all year long.

What Size Propane Tank is Right for You?

To know what size tank you need, you need to know how you will use your propane. To help you assess your needs, we’ll talk to you about a variety of factors:

Need Help with Propane Tanks? Call PitStop Today!

Whether you’re a homeowner or a business owner, PitStop Propane and Fuels is ready to be your trusted company for propane delivery and home heating services. With a full range of convenient services including budget-friendly payment options, automatic delivery service, and tank monitoring—as well as equipment installation and repair—we look forward to serving you.

Contact us today to learn more about propane tank leasing or to become a customer.