Propane refill cost
The cost to refill your propane tank depends on your location and the retailer. For example, some suppliers may charge around $3-$4 per gallon for propane tank refills. Other providers may charge less than $2 per gallon.
Keep in mind propane tanks are never filled right to the top. Technically, a 20-pound tank can hold 5 gallons, but it will only be filled to 80% of its capacity (4 gallons). This is done for safety reasons.
Propane exchange cost
Instead of refilling your tank, you can choose to exchange your empty propane tank for a filled one — which costs slightly more. Some locations may charge $20-$25 for a 20-pound propane tank. The price you pay will vary depending on where you go to exchange your tank.
Propane cost factors
Here is a list of other factors to consider when you're estimating the cost to install a propane tank, refill your tank and/or exchange your tank:
- Site survey fees
- Site preparation and excavation
- Installation and setup fees
- Meter fees
- Permit fees
- Fittings and piping
- Supply and demand
- How much propane you consume
- Transportation costs and distance to the customer
- Crude oil and natural gas prices
- Underground or vs. above-ground installation
These cost factors will not apply to every project. Talk to your propane supplier or retailer to get a more accurate idea of how much propane costs near you.
Renting vs. buying propane tanks
Buying a large propane tank might be too big of an expense for some homeowners. For this reason, they may choose to rent a propane tank to save money. There are pros and cons with each option, and it's worth carefully looking at all the details before you decide.
For example, renting a tank means you don't have to worry about maintenance or repairs. Those tasks are the propane supplier’s responsibility. However, renting a tank also means you’re giving up a lot of control over who can supply your propane.
FAQs
How much is propane per gallon?
Propane costs $2-$5 per gallon.
What time of year is propane cheapest?
Are propane prices going up or down?
The price of propane is affected by a variety of factors and fluctuates frequently.
When should I buy more propane?
Buy propane when the prices are low. Usually, propane costs less during the warmer months.
How long does a 1,000-gallon propane tank last?
It depends on how much propane you use and how big your home is. It's worth speaking to a professional who works with other homes in your area to get a better idea of what your propane usage might be.