We will be moving into our new house on June 13th and, in preparation for this, I have been switching utilities into our name, etc. We need to get a propane tank installed too since we need the gas for cooking and baking. I have learned a lot about propane sales in the last week because I have called around to price the sale and installation of a tank with propane. The only thing the companies agree on is how much we will need (about 50 gallons a year).
Company A told me that there is no installation fee for a 50 gallon tank with propane in it. But there is a $50 a year tank rental fee and the propane, itself, is $3.89 a gallon. There is a $4 delivery fee. I asked how much it is to purchase a tank and was told it is around $400. I wanted to purchase a tank instead of renting one because the price of propane is less than half of what it is if you rent a tank. Plus you pay a rental fee for the tank. At this price, the tank would pay for itself in 4 years. Since we intend to stay in the house for many years, purchasing a tank is a good idea.
Company B told me that it is $4.44 9/10 a gallon with their tank. If I had my own tank the price is $1.71 (see what I mean?). To purchase a 50 gallon tank, with installation, runs about $450.
Company C said that a 100 gallon tank is $63 to rent, with propane being $4.34 a gallon and there is a $59.95 installation fee. I didn’t ask how much it is to buy a tank. They seemed way too high.
I also found out that most people, who only use it for cooking, don’t buy their own tanks. We decided it is better to buy our own tank. An initial outlay of money will save us much more over time. A true, frugal mind set. We are going to go with Company A.
