Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
With wind energy expanding rapidly in the U.S. and abroad, and 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 existing research exists on the subject. The present research is based on almost 7,500 sales of single-family homes situated within ten miles of 24 existing wind facilities in nine different U.S. states. The conclusions of the study are drawn from four different hedonic pricing models. The model results are consistent in that 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 home sales prices.
- Research Organization:
- Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
- Sponsoring Organization:
- Environmental Energy Technologies Division
- DOE Contract Number:
- DE-AC02-05CH11231
- OSTI ID:
- 983510
- Report Number(s):
- LBNL-3522E; TRN: US201014%%518
- Resource Relation:
- Conference: American Real Estate Society Annual Conference, Naples, Florida, 14-17 April 2010
- Country of Publication:
- United States
- Language:
- English
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Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
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