Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
By: Ben Hoen, Ryan Wiser, Peter Cappers, Mark Thayer and Gautam Sethi
Release Date: April 2011
ARES 2011 Manuscript Prize Winner - Office Buildings/Office Parks
With an increasing number of communities considering nearby wind power developments, there is a need to empirically investigate community concerns about wind project development. One such concern is that property values may be adversely affected by wind energy facilities, and relatively little research exists on the subject. The present research investigates roughly 7,500 sales of single-family homes surrounding 24 existing U.S. wind facilities.