It’s a tight fit to get the old tank out and new tank in. Not sure a double wall will fit.
This is the original tank to the house, built in 1977. So this one lasted a very long time.
The 3 year warranty on the new tank seems pretty weak.
Estimates up here in RI were all around $4K for taking away the old tank and installing the new one. Also, they will pump out the heating oil and pump it back into the new tank. ( tank is almost full).
I don’t doubt that it could be DIY’ed for less, but the job is beyond my skill level.
Heat pump is a great idea, but at this point, I just want to get the tank replaced.
The 3 year warranty sounds like a Granby brand. Just the tank alone runs $1200-$1400 so that's a heckuva lotta labor for $4K.
To answer the OP's question...
The double wall tank sounds like a Roth tank. Those are a plastic poly blown in tank encased in a metal (aluminum maybe?) shell that is basically a safety net. It has a monitor that tells you when the poly tank broke. Still have to replace the tank, but at least there isn't any leakage in the basement. Those tanks do require more maintenance as the whole thing expands/contracts depending on oil level. You have to intermittently tighten the plastic collars on the fittings on the top.
IMO I would just go with a regular metal tank. Inside a basement that isn't too moist you don't see too many issues.