Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
With increasing numbers of communities considering wind power developments, empirical investigations regarding related community concerns are needed. One such concern is that proximate property values may be adversely affected, yet relatively little research exists on the subject. The research summarized in this journal article, Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices, investigates roughly 7,500 sales of single-family homes surrounding 24 existing U.S. wind facilities. Across four different hedonic models and a variety of robustness tests, the results are consistent: Neither the view of the wind facilities nor the distance of the home to those facilities is found to have a statistically significant effect on sales among the homes in the sample. The journal article is based on the original report The Impact of Wind Power Projects on Residential Property Values in the United States: A Multi-Site Hedonic Analysis.
This information was last updated on 12/6/2011