.
It’s possible to earn money by selling old propane tanks. Several scrap metal recycling facilities accept these tanks and pay based on the current market value of scrap metal. The amount you receive will vary depending on the weight and size of your tanks, as well as the specific recycling facility’s rates. Before selling, it’s recommended to contact multiple facilities to compare prices and find the best deal.
Propane Tank Exchange Programs
Propane tank exchange programs are a convenient way to get a new propane tank without having to worry about disposing of your old one. These programs are offered by many propane retailers, and they typically work as follows:
- You bring your old propane tank to the retailer.
- The retailer exchanges your old tank for a new one.
- You pay a fee for the exchange
The fee for a propane tank exchange varies depending on the retailer and the size of the tank. However, it is typically in the range of $10 to $20.
Propane tank exchange programs are a good option for people who use propane regularly. They are a convenient way to get a new tank without having to worry about disposing of your old one.
Benefits of Propane Tank Exchange Programs
- Convenience
- No need to worry about disposing of your old tank
- Typically a low cost
Drawbacks of Propane Tank Exchange Programs
- You may not get the same size tank back
- You may have to pay a fee for the exchange
- Not all propane retailers offer exchange programs
Table of Propane Tank Exchange Fees
| Size of Tank | Average Fee |
|---|---|
| 20 lb | $10-$15 |
| 30 lb | $15-$20 |
| 40 lb | $20-$25 |
| 50 lb | $25-$30 |
Scrap Metal Value of Propane Tanks
Empty propane tanks are typically made of steel, which has a scrap metal value. Depending on the current market price of steel and the size of the tank, you can usually get paid a few dollars for each tank.
- Small tanks (1-10 lbs): $0.10-$0.25 per tank
- Medium tanks (20-40 lbs): $0.25-$0.50 per tank
- Large tanks (50-100 lbs): $0.50-$1.00 per tank
Some scrap yards may also charge a processing fee to remove the valve from the tank, so be sure to inquire about this before you go.
| Tank Size | Approximate Scrap Value |
|---|---|
| 1-10 lbs | $0.10-$0.25 |
| 20-40 lbs | $0.25-$0.50 |
| 50-100 lbs | $0.50-$1.00 |
Refurbishment and Resale of Old Propane Tanks
Old propane tanks can be refurbished and resold for a profit. Here are the steps involved:
- Inspect the tank for damage. If the tank is damaged, it cannot be refurbished.
- Remove the valve and other fittings from the tank.
- Clean the tank inside and out.
- Repaint the tank with a fresh coat of paint.
- Replace the valve and other fittings.
- Sell the tank.
The price you can get for a refurbished propane tank will vary depending on the size of the tank, the condition of the tank, and the current market demand. However, you can expect to get a fair price for a refurbished tank, especially if it is in good condition.
Here is a table summarizing the steps involved in refurbishing and reselling an old propane tank:
| Step | Description |
|---|---|
| 1 | Inspect the tank for damage. |
| 2 | Remove the valve and other fittings from the tank. |
| 3 | Clean the tank inside and out. |
| 4 | Repaint the tank with a fresh coat of paint. |
| 5 | Replace the valve and other fittings. |
| 6 | Sell the tank. |
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Alright folks, that wraps up our little adventure into the world of propane tanks. I hope you found this info handy. Remember, if you’re lookin’ to get rid of those old tanks, there are plenty of options out there. And who knows, you might even make a few bucks! Thanks for hanging out with us, and be sure to drop by again for more money-saving tips and tricks. Take care and keep your tanks tidy!