Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (2024)

Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (1)

Most people don’t know that you can actually return propane tanks for money. That’s right, if you have an extra propane tank or two lying around, you can return them to the store and receive a refund.

Of course, there are a few things to keep in mind. First, you’ll need to find a store that accepts returns. Second, you’ll need to make sure the tanks are clean and empty. And finally, you may only get a partial refund, depending on the store’s policy.

Propane tanks that are more than 20 years old, it starts to degrade and you may experience issues. If you’re looking to get rid of some unwanted propane tanks, returning them for money is a great option. So next time you’re at the store, be sure to ask about their return policy.

How to Make Money from Your Old Propane Tanks

1. Sell to Scrap Metal Yards:

Prep Your Tank:

  • Make sure it’s empty: Open the valve in an open space for a few hours.
  • Remove valves or other parts.
  • Some yards might want you to cut it open or make a hole to show it’s safe. Do this safely and know your local rules.

What’s in Your Tank?

  • Most are made of steel or aluminum, with maybe a brass valve.

How Much Can You Get?

  • Prices change, so ask local scrap yards for their rates on steel, aluminum, and brass.

2. Use Exchange or Refill Programs:

Look for Deals:

  • Some stores or gas stations let you swap old tanks for new ones. Some give discounts if you bring in more than one.
  • Will They Accept Your Tank?
  • They’ll look at your tank for rust or damage. If it looks bad, they might not pay you but will still take it off your hands.

3. Sell to Collectors or Hobbyists:

Got a Vintage Tank?

  • Old or uniquely designed tanks might interest collectors.
    Where to Sell?
  • Try online sites like eBay, Etsy, or local classifieds. Or join groups on social media where people chat about vintage finds.

4. Get Creative with Upcycling:

DIY Ideas:

  • Think BBQ grills, garden pieces, or even art from your old tank.

Sell Your Creations:

  • Show off your projects at local fairs or online platforms like Etsy. Sharing on social media might also find you buyers.

Remember: Always handle and repurpose tanks safely and according to your area’s rules.

Here’s a guide related to the topic, see this page.

Here’s a Video to Learn More

Why People Sell Old Propane Tanks

Propane tanks, whether used for grilling, camping, or heating homes, have become essential commodities in many households. But as with many household items, they can become obsolete, outdated, or simply no longer needed. Here’s a deeper look into the main reasons people choose to sell their old propane tanks:

Free Up Space:

  • Declutter: That old tank might be taking up valuable space in your garage or backyard. Selling it can help you declutter and organize your space.
  • Upgrading: If you’re thinking of upgrading to a newer propane system, there’s no need to hang onto the old one.

Embrace Recycling and Help the Environment:

  • Sustainability: By selling your tank, you’re giving it a chance at a second life instead of letting it end up in a landfill.
  • Conservation: Recycling reduces the need for new raw materials and energy, helping reduce your carbon footprint.

Earn Some Extra Cash:

  • Metal Value: Even if it’s just for its scrap metal value, your old tank has worth.
  • Market Demand: There are always people looking for used tanks, especially if they’re in decent condition.
  • Exchange Programs: Some places let you trade in your old tank for a discount on a new one, saving you money.

In short, selling that old propane tank can benefit both you and the environment. Whether it’s for extra space, cash, or to make an eco-friendly choice, it’s worth considering.

Read related article: Difference Between a Propane Tank and a Propane Cylinder?

Who Buys Propane Tanks

Recycling Company:

If you have old propane tanks that you’re looking to get rid of, a recycling company may be able to help. Many recycling companies will purchase propane tanks and recycle them properly. This is a great way to dispose of unwanted propane tanks and help the environment at the same time.

When searching for a recycling company to take your propane tanks, be sure to ask about their recycling process. Some companies may simply recycle the metal from the propane tank, while others may recycle the entire tank. Either way, recycling your propane tanks is a great way to reduce waste and help the environment.

Gas Company:

If you’re thinking about upgrading your propane tank, or if you have an old one that you’re no longer using, you may be wondering if the gas company will buy it from you. The answer is yes! Many gas companies will purchase propane tanks that are in good condition and can still be used.

When selling your propane tank to the gas company, be sure to ask about their specific requirements. Some companies may only accept tanks that are a certain size or age, so it’s important to check before making the sale. Most companies will also inspect the tank before purchasing it to ensure that it’s in good condition and free of any damage.

Once you’ve sold your propane tank to the gas company, they will typically refill it and then resell it to another customer. This ensures that the tank is safe to use and helps to keep costs down for everyone involved. So, if you’ve got an old propane tank that you’re no longer using, don’t throw it away – sell it to the gas company and help out someone else in the process.

Local scrapyard:

If you’re looking for a great deal on an old propane tank, your best bet is to check out your local scrapyard. Scrapyards are full of all sorts of old metal objects that can be recycled and reused, and propane tanks are no exception. Many people don’t realize that scrapyards will often buy old propane tanks from customers, so if you have an old tank that you’re looking to get rid of, this is a great option.

When selling an old propane tank to a scrapyard, it’s important to remember that the value of the tank will vary depending on its size and condition. The larger the tank, and the better condition it’s in, the more money you’ll be able to get for it. However, even if your tank is small or in poor condition, you should still be able to get a few dollars for it at a scrapyard.

If you’re not sure where your nearest scrapyard is, a quick online search should help you find one in your area. Once you’ve located a scrapyard, give them a call and ask if they’re interested in buying your old propane tank. If they are, they’ll likely give you a fair price for it and take it off your hands quickly and easily.

Read related article: Which Propane Tanks Can Be Refilled (How to Identify)

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Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (6)Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (7)Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (8)Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (9)

You Can Sell Propane Tanks on eBay

You can sell old propane tanks on eBay. This is a great way to get rid of an old tank that you no longer need. You can also make some extra money by selling the tank on eBay.

Here are some tips for selling your propane tank on eBay:

  • Take a picture of the tank that you are selling. Make sure that the picture is clear and shows the condition of the tank.
  • Write a good description of the tank. Include information about the size, capacity, and condition of the tank.
  • Price the tank competitively. Check out other listings on eBay to see what similar tanks are selling for.
  • Ship the tank safely. Propane tanks are heavy and can be dangerous if not shipped properly. Make sure to pack the tank securely and use a shipping service that can handle hazardous materials.

For More Ideas Of What You Can Do With an Old Propane Tank, See This

How Much Can You Sell Old Propane Tanks

If you’re looking to get rid of an old propane tank, you may be wondering how much you can sell it for. The answer depends on a few factors, including the size of the tank and the current market value for propane.

For example, a small, 5-gallon propane tank may sell for as little as $20, while a larger 100-gallon tank could fetch up to $200. As for the current market value of propane, it’s hovering around $2 per gallon. So, if you have a 100-gallon propane tank that’s half full, you could sell it for $100.

Of course, there are other considerations to keep in mind when selling an old propane tank. For instance, you’ll need to make sure the tank is properly purged and cleaned before selling it. And, depending on your local laws and regulations, you may need to get a permit before selling or transporting a propane tank.

If the tank is still within its test date, it can still be filled and should be priced accordingly. This is because the tank has not expired and is still safe to use. The price of the tank will be lower if it is within its test date, as opposed to if it has already expired.

For valuation, read below.

Types of Propane Tanks and Their Resale Value

If you’re thinking about selling your old propane tank, it’s essential to know what type you have and the factors that can influence its resale value. Here’s a quick guide:

Small, Portable Propane Tanks:

  • Usage: These are the tanks you often see attached to barbecue grills or taken on camping trips. They’re typically lightweight and have a handle for easy transport.
  • Resale Value: Their resale value is generally lower because of their smaller size. However, if they’re in good condition and have some propane left, you might fetch a better price.

Larger, Residential Propane Tanks:

  • Usage: These are the behemoths that often sit beside homes, powering heaters, stoves, and other appliances. They can hold several hundred to over a thousand gallons of propane.
  • Resale Value: Their value is higher due to their size and capacity. However, the actual price you can get will vary based on factors like age, condition, and local demand.

Factors Influencing Resale Value:

  • Age and Condition: A newer tank in pristine condition will obviously fetch a better price than an old, rusty one. Make sure you check for any dents, rust, or signs of wear and tear.
  • Size and Capacity: Bigger tanks or those with higher capacity generally have a higher resale value. However, the demand in your area also plays a role; if people are primarily looking for small portable tanks, that’s where you might see higher prices.

Before listing your propane tank for sale, assess its type, size, and condition. Understanding these factors will give you a better idea of its potential resale value and help you set a competitive price.

Regulations and Compliance When Selling Propane Tanks

1. Local and State Regulations:

What’s Allowed?

  • Depending on where you live, there might be specific rules about selling used propane tanks. Some places might require tanks to be empty or decommissioned first.

Check Before You Act:

  • Reach out to your local fire department or hazardous waste facility. They can guide you on local guidelines or point you to the right agency.

2. The Need for Certification and Inspections:

Why It Matters:

  • Certifications ensure that a propane tank is safe to use. Tanks have a lifespan, and after a certain period, they might not be safe for refilling or use.

Get It Inspected:

  • If you’re planning to sell or repurpose, consider getting it inspected by a professional. They’ll check for issues like rust, leaks, or structural problems.

3. Consequences of Skipping the Rules:

Safety Hazards:

  • Improperly handled or sold tanks can lead to accidents, from leaks to explosions.

Legal Penalties:

  • If you don’t follow local regulations, you could face fines or legal action. It’s not just about selling; improper disposal can also land you in trouble.

Protect Your Buyer:

  • Remember, if you sell a tank that’s not compliant or safe, you might be putting someone else at risk.

When dealing with propane tanks, safety and compliance should be your top priorities. It’s always best to be informed and cautious.

To Make a Conclusion

You can usually get some money for your old propane tank, but the amount will vary depending on a few factors. First, the size of the tank will affect how much money you can get for it. A small tank may only be worth a few dollars, while a large tank could be worth more.

Second, the condition of the tank will also affect its value. A tank that’s in good condition will be worth more than a tank that’s rusty and dented. Finally, where you take your tank to sell it will also affect how much you get for it. Some scrap yards or recycling centers may give you a higher price for your propane tank than others.

So, if you have an old propane tank that you’re no longer using, it’s definitely worth checking into whether or not you can get some money for it. The amount you’ll get will depend on the size and condition of the tank, but it’s definitely worth checking into.

Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (10)

Mike is an experienced propane technician with over 15 years of professional experience in the field. He has dedicated his career to helping customers with their propane needs, from installation to maintenance and repair. Together with Jeremy, he co-founded this website to provide useful information and guidance to customers seeking reliable propane services.

Can You Get Money for Old Propane Tanks? How Much Can You Sell - Propane HQ (2024)

FAQs

What is a 500 gallon propane tank worth? ›

Residential Propane Tank Cost by Capacity
Tank SizeAbove Ground Tank Cost (installed)Underground Tank Cost (installed)
120 Gallon$350–$600N/A
250 Gallon$450–$1,000N/A
330 Gallon$500–$1,400N/A
500 Gallon$700–$2,500$1,500–$3,000
2 more rows
Apr 19, 2024

What is a 250 gallon propane tank worth? ›

Propane Tank Size by Gallons
Propane Tank by GallonsAverage Price Range
120 gallons$400–$800
250 gallons$500–$1,000
500 gallons$700–$3,000
1,000 gallons$1,500–$5,500
2 more rows
Apr 24, 2024

Can you make money selling propane? ›

If you operate a retail location, becoming an AmeriGas propane reseller can be a very lucrative way to increase foot traffic, attract new customers, and utilize unused space outside of your storefront.

Can you sell your propane tank back to Walmart? ›

Use the Blue Rhino Tank Exchange to trade in your empty tank for a new one. It saves you time from refilling, and you can rest easy knowing that your replacement is certified and checked for damage. This propane tank exchange is available as an in-person service at select Walmart stores.

How many years is a 500 gallon propane tank good for? ›

The average above-ground propane tank should last you about 30 years. Composite and aluminum cylinders can last even longer than thirty years.

Is propane cheaper than electricity? ›

According to the U.S. Department of Energy, heating a home with propane has cost far less than heating with electricity. Over time, propane water heaters can cost one-third less to operate and recover water twice as quickly as electric water heaters – saving you money!

Is it worth buying your own propane tank? ›

Perhaps the most significant advantage of owning a propane tank is the freedom to shop the best propane rate from any gas company. When you rent, you're subject to the distributing company's propane prices. Buying your tank allows you to negotiate the best rate for propane.

Why are propane tanks so expensive? ›

Low supply and increased fuel consumption have driven the rise of propane prices in 2021. In 2020, U.S. production of all fuel, including propane, decreased for a period.

What do I do with old propane tanks near me? ›

How to Recycle Propane Tanks
  • Refill/Reuse your tank.
  • Call a local propane supplier about recycling your tank.
  • Talk to your local hazardous waste disposal site about taking the tank.
  • Contact your local public works department about recycling your tank.

How much can you make selling gas? ›

Retailers Make Very Little Selling Gas

Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.

How much propane is in a tank trader? ›

Tank Traders 20lb New Propane Tank.

What is the deposit on a 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. For further assistance, please call our Customer Care Center at 1.800.

How much propane is in a 20 lb tank? ›

20 lb Propane Tank

Uses: Commonly used for resale and with propane grills, generators, patio heaters, and other outdoor equipment. 20 pound propane tanks are often referred to as grill cylinders and hold 4.6 gallons of propane when full.

Does Lowes take propane tanks? ›

Yes No Notice - Allow 6-8 weeks for processing. Before you move, bring us your old propane tank, whether it's a Blue Rhino or not. After your move, buy a Blue Rhino tank. We'll send you a check for $20, so you can concentrate on getting settled in your new home.

Why would someone have a 500 gallon propane tank? ›

500 gallon propane tanks are primarily used for home heating or homes with 2-3 propane appliances. 500 gallon propane tanks are primarily used for home heating or homes with 2-3 propane appliances such as supplemental or space heaters, water heaters, and generators.

How much does a 500 gallon propane tank weigh when full? ›

lbs. 2,650 lbs.

Can I use an old 500 gallon propane tank? ›

Propane has no expiration date

Unlike other fuels, propane does not “go bad” or lose potency after time. So, as long as there is propane in your tank, you can keep using it—no matter how long it's been there.

How much does it cost to fill a 500 gallon propane tank in Texas? ›

The Cost of Propane Gas

For a 500-gallon tank, it costs up to $1,070 to fill the tank based on current prices. Depending on the weather, you may need to fill up three to five times during a six-month winter season, which totals between $2,000 to $5,500.

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