Propane Tank Installation Costs Installing a residential propane tank costs $275 to $5,150 or $2,750 on average. The price to add an above-ground tank ranges from $275 to $1,725, not including the unit. By comparison, underground installation costs $1,125 to $5,150.

How far does a 500-gallon propane tank need to be from house?

5 ft. from his property line, a 500-gallon tank needs to be at least 5 ft. off the property line upon which it is set, which equates to 10 ft. This is in addition to being at least 10 ft. from any significant building or another 150- to 500-gallon tank.