The State of North Carolina is abandoning the reimbursement program for underground oil storage tank removal. As of July 31, 2015, home owners or soon to be home owners will no longer be eligible for reimbbursment by the state.
At Mosaic Realty, we recommend old oil tanks to be removed, even when tested and results show the soil to be clean and there is no leakage. Typical testing, removal, and remediation costs approximately $2,000 - $3,000. If there are telltale signs of oil smell or visual signs in the soil, it will cost more and it is likely the state will need to be involved.
As a homeowner it is important to have all of the paperwork showing the soil has been tested, tank has been removed, and any contamintation mitigated.
If you have questions or concerns about your underground oil storage tank removal, contact your Ashevillle real estate agent at Mosaic Realty.
Mosaic Community Lifestyle Realty
60 Biltmore Avenue
Asheville, NC 28801