Is this a quality tank?

Thats expensive at my walmart there way cheaper cuz the 55gal kits at walmart are a lil under $200. I would check your local stores before online for kits.
 
If you want to spend that kind of money look at Tru Vu acrylic tanks. I have two large ones 40G and 60G and am switching out my glass ones as fast as I can. I feel safer about them not leaking and I can move them by myself. You just have to be careful about scratching them but the insulation factor way outweighs any inconvienience. My acrylics stay at a constant 74 with no heater while my glass one's temperatures flucuates during the day.
 
You might be able to locate something used but still in great shape for way less. The hood and filters on that are kind of junk so you'll be replacing that anyway.
 
If you're on the east coast, I strongly suggest checking out petland discounts. They generally beat everyone else's best tank prices by about 1/3.
 
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