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

Conference · Thu Jun 23 04:00:00 EDT 2011

OSTI ID:1050718

Hoen, Ben; Wiser, Ryan; Cappers, Peter; Thayer, Mark; Sethi, Gautam

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 present research 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 prices, yet further research is warranted.

• Research Organization: Ernest Orlando Lawrence Berkeley National Laboratory, Berkeley, CA (US)
• Sponsoring Organization: Environmental Energy Technologies Division
• DOE Contract Number: AC02-05CH11231
• OSTI ID: 1050718
• Report Number(s): LBNL-4822E
• Country of Publication: United States
• Language: English

Related Subjects

17 WIND ENERGY
29 ENERGY PLANNING, POLICY, AND ECONOMY
COMMUNITIES
ENERGY FACILITIES
PRICES
PROPERTY VALUES
SALES
WIND POWER