Unearthing the Truth: Why New Jersey Homeowners Must Remove Underground Oil Storage Tanks for a Safer Future

New Jersey homeowners often have underground oil storage tanks (USTs) on their properties, previously used for heating or fuel storage. While proper decommissioning is crucial, it is essential to understand why homeowners in New Jersey must remove USTs, even if they have been decommissioned correctly. In this article, we will explore the reasons behind this mandate and shed light on the potential risks associated with abandoned USTs.

  1. Environmental Impact: Protecting New Jersey's Ecosystem

    The removal of underground oil storage tanks in New Jersey is driven by the concern for the environmental impact they pose. Over time, USTs can corrode, leading to leaks and spills that contaminate the surrounding soil and groundwater. This contamination poses a severe threat to human health and the local ecosystem. By removing USTs entirely, homeowners can prevent long-term pollution and safeguard New Jersey's natural resources.

  2. Aging Infrastructure: Mitigating Risks and Future Leaks

    Many USTs in New Jersey were installed decades ago when regulations were less stringent. As a result, these aging tanks are prone to deterioration and leaks. Even if a tank has been properly decommissioned, the risk of leaks and spills increases over time due to wear and tear. Removing the tank eliminates the potential for future leaks, reducing the associated risks and ensuring a safer environment for homeowners and their communities.

  3. Strict State Regulations: Compliance with New Jersey Law

    New Jersey has implemented strict regulations regarding USTs to protect public health, safety, and the environment. These regulations are aligned with federal requirements from the Environmental Protection Agency (EPA). According to the New Jersey Department of Environmental Protection (NJDEP), all USTs must be removed upon permanent cessation of use, irrespective of proper decommissioning. Compliance with these regulations is essential to prevent environmental contamination and legal complications for homeowners.

  4. Liability and Financial Protection: Mitigating Potential Risks

    Abandoned USTs can expose homeowners to significant liabilities. In case of leaks or spills, property owners may be held responsible for cleanup costs and damages to neighboring properties and natural resources. By removing decommissioned USTs, homeowners can mitigate potential liabilities, protect their financial interests, and avoid legal entanglements. Taking proactive measures ensures peace of mind and protects homeowners' assets.

  5. Property Value and Insurance: Safeguarding Investment

    The presence of abandoned underground oil storage tanks can significantly impact a property's value and insurability. Prospective buyers may hesitate to purchase properties with USTs due to environmental risks and potential remediation costs. Additionally, homeowners' insurance providers may be reluctant to provide coverage or charge higher premiums for properties with USTs. Removing the USTs enhances the marketability of properties, preserves their value, and makes them more attractive to potential buyers.

Complying with New Jersey's regulations on underground oil storage tank removal is crucial for homeowners. While proper decommissioning is important, complete removal of USTs ensures the protection of the environment, minimizes liabilities, and safeguards property value and insurability. By consulting with professionals experienced in UST removal, New Jersey homeowners can ensure compliance with regulations, protect their interests, and contribute to a safer and healthier community.

Kevin Hill

Kevin Hill is a 20 year+ real estate professional with Keller Williams Valley Realty in Woodcliff Lake, NJ who escaped to sunny South Florida for 5 years but “Just when I thought I was out, they pulled me back in!” and moved back to the Garden State. If you have any questions or want to see a topic covered in my blog, contact me at Kevin@escapefromnewjersey.com or 201-214-1349.

https://www.escapefromnewjersey.com
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