You can just decide to keep an eye on the tank and hope you spot a small problem before it becomes a big one. But the best way to determine if your oil tank needs to be replaced is to schedule an inspection with a fuel oil company. An experienced technician can spot potential problems that the average homeowner may miss, such as interior rust or small cracks that can become big leaks. They can also recommend any repairs that might be needed to keep the tank in prime condition. An oil tank technician can also identify a tank that needs to be replaced.
If you’re purchasing a home that relies on fuel oil for heat, have the home’s oil tank inspected, even if you believe it’s relatively new. The previous homeowner may not have been forthcoming about problems with the tank. They also may not have kept up with maintenance. An inspection will help you budget for repairs down the road, as well as give you an estimate of how much longer your current tank will be able to function efficiently.