Propane is a versatile fuel that can be used to power numerous appliances in and around the home. You can use propane for cooking, heating water, and it can also help provide some warmth. Many homeowners even purchase propane tanks so they can store that fuel and use it on-demand.
You can choose from a wide variety of propane tanks to satisfy your household’s fuel needs. Small propane tanks will suffice if you’re only planning to use that fuel for grilling. Consider getting a large propane tank if you want to make fuel readily available for your home’s many appliances.
The average cost of a large propane tank is $1,550. Installing that large propane tank above-ground will cost you $2,700, while underground installation is priced at $4,700. If all you need is a small propane tank, you should expect to pay $65 for it. The cost of installing a small tank is $25, but some companies do it for free.
Buying a propane tank will allow you to worry less about suddenly running out of fuel at a bad time. You can even choose the specific size of tank you need for your household’s needs. Check out how much a new propane tank will cost by reading on.
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Cost of Propane Tanks by Gallons
|Number of Gallons||Cost|
Several appliances inside a typical household make use of propane. Included among those are water heaters, fireplaces, gas dryers, and numerous other items. The point is that propane’s an essential household fuel and that’s why getting a tank that costs $1,550 on average makes sense.
Before you purchase any propane tank, you should take the time to assess your household’s needs. By doing so, you can better identify the type of tank that will suit your home best.
100-Gallon Propane Tanks
Get a tank with a capacity of 100 gallons if you’re only looking to connect essential appliances. It will supply enough fuel for your cooking appliances and your heating system. A 100-gallon propane tank is typically priced at $515.
250-Gallon Propane Tanks
250-gallon tanks can handle more appliances. You can connect your dryer, water heater, and other commonly used items to a tank of that size. Expect to pay $1,200 for a 250-gallon propane tank.
500-Gallon Propane Tanks
You don’t have to be conservative with your propane usage if you have a 500-gallon tank. That big tank can supply all the fuel various appliances and systems need for close to a year. Purchase a 500-gallon tank for your home for $1,750.
1000-Gallon Propane Tanks
A 1000-gallon propane tank is excessive for the average household. You’ll only need it if you have a large home or if you also use propane to power some farming equipment. The average cost of a 1,000-gallon propane tank is $2,700.
Cost of Propane Tanks by Pounds
|Propane Tank Weight||Cost|
Some suppliers sell propane tanks based on their weight instead of capacity. That can make finding the right tank a bit tricky.
Keep in mind that a 1000-gallon tank does not have the same capacity as a 1000-pound tank. The latter can only hold about 800 gallons of fuel.
A 500-pound tank can hold about 400 gallons of propane while the maximum capacity for a 420-pound tank is 100 gallons. 200-pound tanks are also available and you can fill them with 50 gallons of propane.
Cost of Small Propane Tanks
|Number of Gallons||Cost|
You don’t have to buy a large propane tank for your property. If you just need a supply of propane for cooking, a small tank will do. The average price of a small propane tank is $65.
The great thing about choosing a small propane tank is that you don’t have to worry too much about maintenance. Checking on the tank and its connections from time to time should suffice. Even if the tank has sustained some wear and tear, replacing it is not a huge hassle.
Small propane tanks are also portable. If you don’t like the spot you originally chose for the tank, you move it relatively easily. Some folks will even purchase a 1-gallon tank and take it with them when they go hiking or camping.
Your small propane tank will also come in very handy during an emergency. A storm passing through your area may have knocked out the power temporarily. While waiting for the power to come back, you can hook up a generator to the tank and use some appliances.
Cost to Install Propane Tanks
|Small Tank Installation||$25|
The propane tank is not the only thing you’ll have to spend money on. You also have to consider installation costs if you’re planning to add a propane tank to your property.
Installation costs for propane tanks can vary significantly. Spending thousands of dollars on installation may be necessary in some cases. It’s also possible that you won’t be charged anything extra for installation.
Let’s talk more about how propane tanks are installed in this section of the article. You can also use the information here to determine which type of installation is right for your property.
Large propane tanks can be installed above-ground. On average, professionals charge $2,700 for the above-ground installation of a large propane tank.
In some ways, installing a propane tank above-ground is safer. The propane tank will not get flooded since it’s installed on the surface of your yard. You also won’t accidentally hit it while digging around.
Even so, many homeowners don’t like above-ground installations because they see the tanks as eyesores. It can also be difficult to accommodate a large propane tank. You will have to give up a big chunk of your yard for it.
The gap in pricing between above-ground and underground installations is big. You will have to pay $4,700 if you want your new propane tank installed underground.
Installing a large propane tank underground is expensive because the workers will have to dig out room for it. Making room for connections can also be a labor-intensive task.
Despite the high cost, underground installations are worth it because they keep the tanks well protected. The elements won’t be able to reach your tank with thick layers of soil serving as its shield.
Flooding does pose a danger to propane tanks installed underground. Consult with the professionals first to see if underground installation is an option for you.
Small Tank Installations
Labor costs for installing a small propane tank are not quite as high as the aforementioned options. The average cost of labor for a small propane tank installation is $25.
The cost of installation is low because the process is very simple. It may only take the delivery personnel a matter of minutes to hook up your new tank.
You can also ask the supplier how much delivery will cost before finalizing your purchase. Some companies don’t charge any money at all for small tank installation. Consider buying from them if you want to save as much money as possible.
Cost Factors for Propane Tank Installation
The main cost factors of propane tank installation are the size of the tank and the manner of installation. They are the reasons why you’re spending thousands of dollars on a new propane tank.
However, other cost factors can still impact the final price tag of the project. You can learn more about them by reading the rest of this section.
Location of Your Home
The location of your home will affect how much you’ll have to spend to get your new propane tank. The supplier will charge an additional $200 for the delivery of your large propane tank. Expect that number to go up if you live far away from the supplier.
The high cost of delivery should come as no surprise since transporting an item of that size is not easy. Loading and unloading it will also be labor-intensive activities.
Delivery charges for a small tank will be more affordable. You will have to pay $50 extra for that.
You’ve probably guessed that permits are required for propane tank installation. Those permits will tack on $35 to your final bill.
Permits are required for major installations such as this. They shouldn’t be difficult for you to obtain as long as there are no issues with your property.
To make things easier, you can also request assistance from the company you hired to install the propane tank. They know all about the permits that are required for this kind of installation. Lean on them instead of trying to secure the permits yourself if you want to save some time.
Setting the propane tank in place does not mean the job is done. You still have to create connections between that tank and your home so you can access the propane. Gas lines will be needed and installing them will cost $900.
Installing the gas lines is easier said than done. The workers have to be wary of any other supply lines already on your property. They also have to position the gas lines in such a way that they aren’t disruptive.
Planning and hard work are required for gas line installations. That’s why you have to pay a premium for gas line installation.
Last up, you may also need to add a concrete pad to your property before the propane tank can be installed. Adding the concrete pad will cost $200.
You will only need the concrete pad if you had your propane tank installed above the ground. The job of the concrete pad is to keep your propane tank steady. It will prevent your tank from toppling over even if the soil shifts following a heavy downpour.
Installing the concrete pad doesn’t take too long. The workers can probably complete that project in a few hours.
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Is It Cheaper to Buy or Rent a Propane Tank?
The average cost of renting a large propane tank is $150 per year. Meanwhile, the propane tank you purchased for $1,550 can last for over 30 years. The upfront cost of buying a tank is more expensive, but it’s the more cost-effective option long-term.
Also, you can still sell a used propane tank. Sell the tank if you don’t need it anymore and recoup some of the money you spent on it.
How Often Do You Fill a 500-Gallon Propane Tank?
A 500-gallon tank should be able to provide fuel for numerous household appliances for up to a year. As for the cost of refilling, that number is harder to pin down. Propane prices change frequently so it’s hard to tell how much your annual refilling will cost.
Does Propane Go Bad?
Don’t worry about the fuel inside your large propane tank expiring sometime soon. Unlike some other types of fuel, you can store propane indefinitely.
Gary Evans is passionate about home improvement. He loves finding out how to make improvements in the easiest, most practical, and most affordable ways. Upgrading his home kitchen is one of his ongoing hobbies. Gary is also a long-time content creator and enjoys spending his free time tending to his hydroponic vegetable garden.
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How much propane does a 2000 square foot house use? ›
Propane Usage Based on Household Square Footage
1,000 square feet will use an average of 440 gallons on an annual basis. 1,500 square feet will use an average of 670 gallons each year. 2,000 square feet will consume up to 900 gallons on an annual basis.
First, tanks only hold about 80% of the rated capacity. So a 500-gallon tank only holds 400 gallons. Propane is like gas—prices vary by location and change daily. The current national average of propane is $2.337 per gallon, meaning it costs about $940 to fill up a 500-gallon tank.How long does a 500 gallon propane tank last for a house? ›
A 500-gallon tank holds 400 gallons of propane and can last several months, ranging between 2 to 14 months. On average, homeowners can expect that the tank will last around 5 months with regular use of appliances.How much does a 1000 gallon propane tank last for a house? ›
Here's the wide range answer: a 1,000-gallon propane tank will last anywhere between 2 months and 11 days to 2 years and 4 months (847 days, to be exact).How much propane does a 2500 sq ft house use? ›
A 500 gallon propane tank is an efficient option for larger homes (1,500 square feet or more) that use propane for several appliances.Is it cheaper to heat your house with propane or natural gas? ›
That means, propane is more than twice the energy of natural gas. While the cost per gallon is less for natural gas, you'll use more of it to heat the same appliances. If you get two times the heat from propane, naturally, you'll use less fuel. In this combined round, propane wins for efficiency and overall cost.What size propane tank do I need for my house? ›
Ideally, the 500-gallon tank is best for homes running multiple appliances and are under 3,500 square feet. If your home is larger than 3,500 square feet, you may want to upgrade to the 1,000-gallon or even 2,000-gallon tank.Is it cheaper to fill your own propane tank? ›
On average, it is about $1.76 per gallon cheaper to refill a propane tank versus exchanging. Refilling your own propane tank costs about $3-$4 per gallon while exchanging at a third-party retailer is usually around $5-6 per gallon.
Propane is cheaper than electric.
According to the U.S. Department of Energy, heating a home in the U.S. with a propane heating system costs far less than heating with an electric system.
How many gallons of propane should a house use in a month? ›
Propane Gas Water Heater.
|Number of people in household||Monthly Propane Usage|
|4 people||25 gallons per month|
|5 + people||30+ gallons per month|
Furnaces, hot water heaters, and gas fireplaces use the most propane in your home. Here's how much propane they use. The average 100,000 BTU propane gas furnace uses approximately 1-gallon-per-hour or 500-1,200 gallons per year.How many gallons of propane does an average household use per day? ›
Depending on the number of bathrooms you have in your home or the number of people living in the house, your daily average usage may vary. However, most homes will average about 1.5 gallons of propane a day for their water heater or roughly 200-300 gallons a year.What is the lifespan of a home propane tank? ›
How long should a propane tank last? Propane tanks are built for the long haul: on average, a high quality, properly maintained galvanized aboveground propane tank or propane cylinder should last 30 years or more, while some aluminum and composite cylinders can last even longer.How much does it cost to fill 1000 gallons of propane? ›
|Propane Tank Size (Gallons):||Refill Cost (At $2.00/Gallon):||Refill Cost (At $2.86/Gallon):|
You will have to install a tank that is generally between 250 and 1000 gallons. A typical whole house generator burns about 36 gallons of propane a day. That means even the small tank will run the generator for a full week.How much propane does a house use per day in winter? ›
If it's a bitter, cold winter, you can use up to 300-400 gallons between November and March alone! These estimates show just how fast your propane supply can be used during winter. That's why you need a propane delivery company you can count on. Want to learn more about how to estimate your propane usage?What size propane tank do I need for a 3000 square foot house? ›
500 or 1,000 gallon tanks are the recommended size for most households with a whole home system. Medium sized homes (approximately 2500-3500 sq ft.) are usually best fitted with the 500 gallon tanks and large houses (3500+ sq ft +) are best with 1000 gallon tanks.How many gallons does a 500 gallon propane hold? ›
A standard 500-gallon tank holds 400 gallons of propane and is generally installed for central heating and small commercial applications. Each tank is 9' 11” long and 37½” in diameter. The recommended minimum pouring pad size: 5 x 12 feet, 6” deep.How often do you fill a 500 gallon propane tank? ›
This guideline means that a 500-gallon propane tank refill is actually 400 gallons. All told, the average homeowner can expect to fill their tank roughly two to three times a year.
How long does a 100 gallon propane tank last for a house? ›
These primarily depend on the size of our house (square footage). As we will see further on, if we take average US household size and propane consumption, 100-gallon propane will last anywhere from 11 days to 85 days (almost 3 months).What are the disadvantages of using propane? ›
Con: It Produces Fewer BTUs Per Gallon Than Oil
When you measure how hot propane burns alongside other fuels, it's a little disappointing. Propane doesn't produce as much heat as oil. That means that although the cost of propane might beat oil, you're going to have to use more to get the same cozy indoor temperature.
The Size of Your Home - Most propane furnaces are 90% efficient, while electric heat is 100% efficient. As energy usage increases, the more that difference in efficiency adds up.
Propane also burns hotter than natural gas (2500 BTU's vs 1000 BTUs), which some grilling purists believe is one of the most important factors to keep in mind. Propane is considered to be environmentally-friendly because there's no lead, has low GHG emissions and produces water vapor and carbon dioxide.What size propane tank do I need for 1200 square feet? ›
250-gallon propane tank: This tank could be used for whole-house heating for a small home, typically 1200 sq. feet or less.How much is a 250-gallon propane tank? ›
The size you need depends on the number of gallons your propane tank holds: 120-gallon tank: $50–$75. 250-gallon tank: $75–$125. 500-gallon tank: $125–$175.Can you use a 100 lb propane tank for a house? ›
100lb propane tanks are great for mixed heating systems or residences with limited propane usage.Why is Blue Rhino only 15 lbs? ›
In 2008, to help control these rising costs, Blue Rhino followed the example of other consumer products companies with a product content change. We reduced the amount of propane in our tanks from 17 pounds to 15 pounds.Do I own my Blue Rhino propane tank? ›
Blue Rhino is not a deposit program. Retailers do not provide cash for the return of empty tanks. When you exchange a tank with Blue Rhino, you walk away with a tank you own and that you can use however you wish.How do you keep propane prices down? ›
Turn down the thermostat 10 degrees when you go to work, and again when you go to bed -- a total of 16 hours a day - - and you can save about 14% on your heating bill. Keep a close eye on your tank gauge. Don't let your tank run out of propane which may add special delivery charges.
What is the cheapest way to heat a home? ›
As a general rule, heating your home with a natural gas furnace is the cheapest way to keep warm through the winter months.Is it worth switching from electric to propane? ›
Because propane is a more efficient fuel, it costs less to operate. Propane appliances also generally have a longer lifespan than their electric counterparts, saving you both money and peace of mind in the long run.What is the current price of propane in the US? ›
US Residential Propane Price is at a current level of 2.698, down from 2.702 last week and down from 2.84 one year ago. This is a change of -0.15% from last week and -5.00% from one year ago.How far does a 250 gallon propane tank need to be from house? ›
The fire code requires that this size propane tank be set ten feet from a building and a property line. A 250-gallon propane tank holds 200 gallons of liquid propane.What time of year is best to buy propane? ›
Early Fall is the Perfect Time to Buy Propane
In fact, prices are always fluctuating, even in the summer months where people are buying propane for grilling or camping. And the higher the demand, the higher the prices go. But early fall is the perfect time to buy propane.
If you heat your home with propane and it's cold outside, you are going to use more propane. The same goes for heating with natural gas or electricity. The United States encompasses such a large geographic area that the climate regions of the country range from frigid to tropical.Why is my home propane tank running out so fast? ›
The main cause of a propane tank run out is simply improper management. Perhaps sudden cold weather caused an unpredictable surge in your home heating, or the fuel supplier is unable to deliver due to bad road conditions or poor planning. In any case, a propane tank run out should not be taken lightly.How many gallons of propane does a furnace use a day? ›
Factors to Consider
Here's a rundown of typical propane usage rates for some of the most common home fixtures: Furnaces: 1 gallon per hour. Water heaters: ~1.5 gallons per day.
1,000 square feet will use an average of 440 gallons on an annual basis. 1,500 square feet will use an average of 670 gallons each year. 2,000 square feet will consume up to 900 gallons on an annual basis. With 3,000 square feet or more, you can expect to use 1300+ gallons or more per year.How much propane do I need for winter? ›
1,000 square feet will use an average of 430-450 gallons annually. 1,500 square feet will use an average of 640-680 gallons annually. 2,000 square feet will consume up to 800-900 gallons annually. With 3,000 square feet or higher, you can expect to use 1300+ gallons or more annually.
How many years does a 500 gallon propane tank last? ›
While 500 gallons of propane can get you through several months, the tank itself will last much longer. On average, a propane tank can keep fueling your appliances for over 30 years.How much is a 500 gallon propane tank? ›
|Tank Size||Above Ground Tank Cost (installed)||Underground Tank Cost (installed)|
|Propane Tank Size:||500 sq ft house||3,500 sq ft house|
|100 Gallon||85 Days||12 Days|
|250 Gallon||212 Days||30 Days|
|500 Gallon||424 Days||61 Days|
|1,000 Gallon||847 Days||121 Days|
Lifespan of a 1,000 Gallon Propane Tank
Propane tanks made of galvanized steel and typically last over 30 years when properly maintained.
|Home Square Footage||Annual Propane Usage|
|1,000 square feet||441 gallons annually|
|1,500 square feet||666 gallons annually|
|2,000 square feet||888 gallons annually|
|3,000+ square feet||1,300+ gallons|
So, for 2000 square feet, you will likely need 5 gallons of interior house paint. For the top rated interior house paint, you can expect to pay anywhere between $50 – $80 per gallon.What size LP gas furnace do I need for 2000 sq ft home? ›
A mid-sized home of 2,000 square feet would need approximately 50,000 to 60,000 Btu to heat it properly. With a less efficient furnace operating at 80 percent efficiency this would require a 60,000- to 72,000-Btu furnace.How much propane does a house use per day? ›
Depending on the number of bathrooms you have in your home or the number of people living in the house, your daily average usage may vary. However, most homes will average about 1.5 gallons of propane a day for their water heater or roughly 200-300 gallons a year.How many gallons of propane does a house use in winter? ›
If it's a bitter, cold winter, you can use up to 300-400 gallons between November and March alone! These estimates show just how fast your propane supply can be used during winter. That's why you need a propane delivery company you can count on. Want to learn more about how to estimate your propane usage?What size unit do I need for a 2000 square foot house? ›
2,000 square feet x 20 BTU = 40,000 BTU. Since 1 ton equals 12,000 BTU, you'll divide 40,000 by 12,000 with a math equation that looks like this: 40,000 BTU / 12,000 BTU = 3.33333 tons. Round that up, and you're looking at a 3.5-ton AC unit.
How many gallons of paint do I need for a 2400 square foot house? ›
McCormick Paints recommends one gallon of paint per 300 square feet of interior. For an easy reference, you can use our paint calculator.How many ton unit do I need for a 2000 square foot house? ›
For example, when considering what size air conditioner is needed for a 2,000 square foot home, you would likely choose a 3 or 3.5 ton unit, depending on the climate where you live.What is a typical size propane tank for house? ›
The 500-gallon tank is the most common size propane tank for residential propane use. It is often used for home heating, generator powering, cooking, pool heating, and more.
1,000 square feet will use an average of 440 gallons on an annual basis. 1,500 square feet will use an average of 670 gallons each year. 2,000 square feet will consume up to 900 gallons on an annual basis. With 3,000 square feet or more, you can expect to use 1300+ gallons or more per year.How big of a furnace do I need for a 2500 sq ft house? ›
Determining the Square Footage
In colder climates, you'll want a furnace that generates 40 to 45 BTUs per square foot. At this amount, you'll need 100,000-112,500 BTU furnace to heat a home of 2,500 square feet.
Propane is cheaper than electric: According to the U.S. Department of Energy, heating a home in the U.S. with a propane heating system in recent years has cost far less than heating with an electric system.