Wind Turbines Don't Hurt Property Values
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles.
A new comprehensive study — The Impact of Wind Power Projects on Residential Property Values in the United States: A Multi-Site Hedonic Analysis — conclusively shows that property values are not harmed by wind turbines and wind power facilities.
The study, conducted by Lawrence Berkely National Laboratory shows that neither views of wind facilities nor proximity to wind facilities have any significant effect on property values.
The study examined “7,500 sales of single-family homes situated within 10 miles of 24 existing wind facilities in nine different U.S. states.”
[social_buttons]
As the report states, neither views of nor distance to wind facilities “have any consistent, measurable, and statistically significant effect on home sales prices.”
Results from this study “are expected to be transferable to other areas,” according to the report.
Even research of proximity to roads, conventional power plants and high-power transmission lines can show a relationship (negative) to property values, according to report co-author Mark Thayer. But not wind facilities.
So, concerns that these gigantic wind facilities are harming their neighbors financially seems to be a myth that can now be laid to rest.
via Business Green
Related Stories:
1) PG&E to Buy and Run Own 246 MW Wind Farm
2) $2.2 Billion IPO For China Wind Power Longyuan
3) South Carolina To Lead US With $98 Million World-Class Wind Center
Image Credit: Conor Dupre-Neary via flickr under a Creative Commons license
Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and follow us on Google News!
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Sign up for our daily newsletter for 15 new cleantech stories a day. Or sign up for our weekly one on top stories of the week if daily is too frequent.
CleanTechnica uses affiliate links. See our policy here.
CleanTechnica's Comment Policy
