Owning Vs. Renting Your Home Propane Tank

Posted on April 19th, 2023 by Devine Bros

Propane tanks offer a range of benefits that make them an attractive option for homeowners and business owners alike. Whether you’re looking to reduce your energy costs, increase your energy independence, or simply enjoy the convenience and versatility of propane, a propane tank may be the right choice for you. But this is where the question arises: should you rent or own your tank?

Here are some things to consider when deciding which option is right for you.

Owning Your Propane Tank

If you choose to own your propane tank, you’ll be responsible for the initial purchase price, which can often be expensive depending on the size of the tank. However, owning your tank could save you money in the long run since you won’t have to pay rental fees to the propane company monthly.

Another benefit to possessing your tank is having more control over the maintenance and servicing. When you rent a tank, it’s typically the propane company’s responsibility to maintain and repair it. But if you own the tank, you have the option to hire your own service technician to perform any necessary repairs or upkeep.

On the downside, owning your tank also means that you’re responsible for replacing and disposing of the whole thing when it reaches the end of its lifespan. This can be an added expense and hassle that some homeowners prefer to avoid dealing with.

Renting Your Propane Tank

If you choose to rent your propane tank, you won’t have to worry about the upfront cost of purchasing the tank. Instead, you’ll pay a monthly rental fee to your professional company in addition to the cost of propane itself.

One benefit of renting is that the propane company is responsible for maintaining and repairing the tank. If something goes wrong, you can call the professionals, and they’ll send someone out to fix it.

However, renting your tank also means that you’re at the mercy of the propane company’s policies and pricing. You’ll have to pay more each month if the rental fee increases. Additionally, you may be restricted in your choice of propane supplier if you’re renting your tank from a specific company.

Which Option Is Right for You?

Ultimately, the decision to own or rent your propane tank will come down to your personal preferences and financial situation. Owning a tank may be a good option if you’re willing and able to pay the upfront cost. But if you’re not interested in the added expense and responsibility of owning your tank, renting may be the way to go.

Propane Delivery in Fairfield County

With over 100 years of experience, Devine Bros. ensures that residents and businesses of Norwalk, Connecticut are never out of fuel with our automatic propane delivery service. Whether you need heating system replacement or building supplies, our professionals are here to help.

Get in touch with us at 203-866-4421 or online to get propane delivered to you.