Logo
Serving Fairfield, Litchfield & New Haven Counties since 1982

Leasing vs. Owning Your Propane Tank

Answering your Questions about Owning your Propane Tank, Leasing a Propane Tank and Renting a Propane Storage Tank

Q: Is it better to buy or lease a propane tank?

A: If you own your propane tank, you can buy propane from anyone. But unless you want to constantly go through the hassle of switching suppliers, you are better off leasing a tank from a company you trust. When you lease your tank from us, we are responsible for tank maintenance and safety; we are experts in the safe handling of propane tanks.

Q: Do most people lease tanks from Jennings Oil and Propane?

A: Yes. Most customers find this is cost effective and lessens worries. Buying and installing your own tank could cost anywhere from $450 to $3,000, depending on its size and type (aboveground or underground). A customer who owns a tank is also entirely responsible for all maintenance and repairs.

Q: How do I know if I have the right tank size?

A: If you feel you are calling for fill-ups too often, you may need to upgrade to a bigger tank. Propane tanks come in a wide range of sizes. Most residential customers who use propane for various appliances but not for heating their home are usually fine with 100-gallon to 200-gallon tanks. Homes that use propane for heat require bigger tanks—usually from 325-gallon to 500-gallon sizes. Our propane experts can help you evaluate your needs and ensure that you have the right size tank for your home. Read more.

Contact us to learn more about owning your propane tank, leasing a propane tank and renting a propane storage tank. Jennings Oil and Propane–serving Danbury, New Milford, Southbury, Newtown, Ridgefield, Kent and surrounding towns in Fairfield, Litchfield and New Haven counties, in CT.