If you have an empty propane tank sitting around your home or property, you may be wondering how much money that empty vessel could fetch if you sold it. Propane tanks definitely hold value, even when spent, so let’s explore how much your empty tanks may be worth.
What Impacts the Value of an Empty Propane Tank?
When it comes to determining the value of an empty propane tank, several factors come into play. These factors can greatly influence the price you can expect to receive for your tank. Here are some key considerations:
The size of the propane tank is one of the primary factors that affect its value. Generally, larger tanks have a higher value compared to smaller ones. This is because larger tanks can hold more propane, which makes them more desirable for those in need of a larger fuel supply. If you have a larger tank, you may be able to fetch a higher price when selling it.
The type of propane tank also plays a role in determining its value. There are different types of tanks available, such as above-ground tanks, underground tanks, and portable tanks. Each type has its own market value, and the demand for a particular type can fluctuate depending on factors such as local regulations and consumer preferences.
The condition of the propane tank is another important factor in determining its value. Tanks that are in good condition, with minimal rust, dents, or other damage, are generally more sought after and can command a higher price. On the other hand, tanks that are heavily damaged or in poor condition may have little to no resale value.
Local Scrap Metal Prices
The value of an empty propane tank can also be influenced by local scrap metal prices. Propane tanks are typically made of steel, which is a valuable scrap metal. Therefore, the current market price for scrap metal in your area will have an impact on how much you can sell your tank for. It’s always a good idea to check the current prices before selling your tank to ensure you’re getting a fair deal.
Average Price for Common Empty Propane Tank Sizes
20 lb. Grill Tank – $5-$15
If you own a propane grill, chances are you’re familiar with the 20 lb. grill tank. These tanks are commonly used for grilling and can easily be exchanged or refilled at various locations. When it comes to selling an empty 20 lb. grill tank, you can expect to receive anywhere between $5 to $15, depending on factors such as location and demand. This is a great opportunity to make a few extra bucks while decluttering your backyard or garage. Don’t let that empty tank go to waste!
30 lb. Camping Cylinder – $10-$20
For those who enjoy camping and outdoor activities, the 30 lb. camping cylinder is a popular choice. These larger tanks provide a longer-lasting fuel source for grills, stoves, and other camping equipment. If you have an empty 30 lb. camping cylinder lying around, you could potentially sell it for around $10 to $20. This can be a nice return on investment, especially if you no longer have use for it or have upgraded to a different size.
100 lb. Residential Tank – $20-$40
Residential propane tanks, such as the 100 lb. size, are commonly used for heating homes and powering appliances. If you have an empty 100 lb. residential tank that you no longer need, you might be able to sell it for anywhere between $20 to $40. These tanks are in higher demand due to their larger capacity, making them a valuable asset for those in need of a propane storage solution. With a little effort, you can turn that unused tank into some extra cash.
It’s important to note that the prices mentioned above are averages and can vary based on factors such as location, condition of the tank, and current market demand. To ensure you get the best price for your empty propane tank, consider checking online marketplaces, local classifieds, or contacting propane dealers in your area. Remember, one person’s trash can be another person’s treasure!
Where to Sell Your Empty Propane Tank
If you have an empty propane tank lying around, you might be wondering what to do with it. Surprisingly, there are several options for selling your empty propane tank and making some extra cash. Here are three popular avenues to consider:
Scrap Metal Yards
Scrap metal yards are a common place to sell your empty propane tank. These facilities specialize in buying and recycling various types of metal, including propane tanks. The value of your tank will depend on its size and the current price of scrap metal. It’s always a good idea to call ahead and inquire about their requirements and pricing before visiting a scrap yard. Some yards may have specific guidelines for accepting propane tanks, such as ensuring they are completely empty and have their valves removed.
The rise of online marketplaces has made it easier than ever to sell just about anything, including empty propane tanks. Websites like Craigslist, eBay, and Facebook Marketplace allow you to list your tank for sale and connect with potential buyers in your area. When selling on these platforms, be sure to include detailed information about the tank’s condition, size, and any necessary safety precautions. Remember to follow all local laws and regulations regarding the sale of propane tanks, as well as any guidelines set by the online marketplace you choose.
Another option for selling your empty propane tank is to contact local propane suppliers. These companies often refill and resell propane tanks, so they may be interested in purchasing empty ones as well. Reach out to different suppliers in your area and inquire about their policies on buying empty tanks. Some suppliers may offer a trade-in program where you can exchange your empty tank for a discount on a new one.
Pro Tip: Before selling your empty propane tank, make sure it is completely empty and safe to handle. If you’re unsure about how to properly dispose of a propane tank, contact your local waste management facility for guidance.
Remember, the value of your empty propane tank will vary depending on several factors such as location, size, and condition. It’s always a good idea to do some research and compare prices from different buyers to ensure you get the best deal.
Is It Legal to Sell Used Propane Tanks?
When it comes to selling used propane tanks, it is essential to understand the legalities surrounding this practice. While regulations may vary from state to state, there are some general guidelines to follow to ensure compliance. Selling used propane tanks can be a great way to recoup some of your investment, but it’s important to do it properly.
Follow Proper Emptying Procedures
Before selling a used propane tank, it is crucial to follow proper emptying procedures. Propane tanks must be completely emptied and purged of any remaining gas. This can be done by attaching the tank to a propane-powered appliance and allowing it to burn off the remaining gas. Alternatively, a certified professional can assist in emptying the tank safely. It is important to never attempt to empty a propane tank yourself if you are not trained to do so, as it can be extremely dangerous.
Remove Valves and Labels
Prior to selling a used propane tank, it is necessary to remove the valves and labels. This is to ensure that the tank cannot be refilled or used for any purposes other than its intended use. Removing the valve also prevents any potential accidents or leaks from occurring. Additionally, removing any labels or markings helps to prevent confusion or misrepresentation when selling the tank.
Check State Laws and Regulations
Before selling a used propane tank, it is essential to check your state’s laws and regulations regarding the sale of such items. Some states may require specific permits or licenses to sell used propane tanks. Others may have restrictions on who can purchase them or how they can be sold. It is important to familiarize yourself with these regulations to avoid any legal issues or penalties.
For more information on state-specific laws and regulations, you can visit websites such as www.propane101.com. This website provides a comprehensive guide to propane laws and regulations by state, ensuring that you have the most up-to-date information.
Selling a used propane tank can be a legal and profitable venture if done correctly. By following proper emptying procedures, removing valves and labels, and checking state laws and regulations, you can ensure that you are selling your used propane tank in compliance with the law.
In summary, even empty propane tanks have value based on their size, type, condition and current scrap prices. Small 20 lb. cylinders may fetch $5-$15 each, while larger 100 lb. residential tanks could be worth $20-$40 or more. You can sell these to scrap yards, online sites or propane suppliers if properly emptied and following any applicable laws.