New Study Confirms Wind Energy Does Not Reduce Property Values
This study is one of nine major and statistically reliable studies covering roughly 270,000 property transactions by various well-respected and independent organizations in three different countries spread over fifteen years that have found no correlation between operating wind turbines and negative property values.
As the development of utility-scale wind energy projects has become more prevalent in this country, communities have asked how these projects might affect their property values. Researchers have been working hard to answer this question scientifically by studying hard data.
In 2013, Lawrence Berkeley National Laboratory (LBNL) published the most extensive study to date on property transactions near wind farms. Its conclusion?
"This is the third of three major studies we have conducted on this topic and in all studies we find no statistical evidence that operating wind turbines have had any measurable impact on home sales prices."
Regardless of the type or size of wind turbine studied, researchers have found no statistical evidence that home values near turbines are affected before, during, or after construction.
The study data shows that statistically, even homes within half a mile of a wind turbine have not been affected by its presence.
According to rural appraisers, farm acreage upon which turbines are sited often increases in value to account for the new stream of steady, long-term income the property generates through the harvesting of the wind.
About the Study
Researchers analyzed 51,276 home sales near 67 wind farms in 27 counties across 9 U.S. states.
- All homes were within 10 miles of wind facilities
- 1,198 sales were within 1 mile of a turbine
- 331 sales were within 1/2 mile of a turbine
- Data was collected before, during, and after wind farm construction