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Wind Turbines Don't Hurt Property Values

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.”

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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

 
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Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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