Fortunately programs like those offered in Colorado, New Mexico and Utah provide UST owners a financial hand to remove tanks as well as potential for assistance with remediation expenses.
In Colorado, OPS provides for up to $2,000 in reimbursement of direct costs associated with removing each petroleum UST tank with a volume of 2,000 gallons or less. Larger tanks are eligible for reimbursement of $1 per gallon of removed tank volume up to a maximum per tank of $10,000 and $30,000 per facility.
And if contamination is discovered when removing USTs installed before August 2008, the owner/operator may qualify to have the $10,000 deductible waived under OPS’s Policy #29 through the end of 2020. The fund committee determines whether the release is eligible for the incentive. This policy went into effect as thousands of USTs warranties were expiring, with approximately 30% of USTs in Colorado now over 30 years old.
Between the health risks to the environment and humans and the potential incentives available, there’s no better time like the present to pull those tanks.
CGRS has the capability of not only removing and disposing of your tanks but also of performing all of the environmental work required by state and local authorities. Contact us now to schedule your tank closure and removal!