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Title: Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices

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. Across four different hedonic models 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 home sales prices.
Authors:
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Publication Date:
OSTI Identifier:
983511
Report Number(s):
LBNL-3522E-JArt
TRN: US201014%%519
DOE Contract Number:
DE-AC02-05CH11231
Resource Type:
Journal Article
Resource Relation:
Journal Name: The Journal of Real Estate Research
Research Org:
Ernest Orlando Lawrence Berkeley National Laboratory, Berkeley, CA (US)
Sponsoring Org:
Environmental Energy Technologies Division
Country of Publication:
United States
Language:
English
Subject:
29; COMMUNITIES; ENERGY FACILITIES; PRICES; PROPERTY VALUES; SALES; WIND POWER