U.S. Department of EnergyOffice of Scientific and Technical Information
Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
Abstract
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.
- Authors:
- Publication Date:
- Research Org.:
- Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
- Sponsoring Org.:
- Environmental Energy Technologies Division
- OSTI Identifier:
- 983510
- Report Number(s):
- LBNL-3522E
TRN: US201014%%518
- DOE Contract Number:
- DE-AC02-05CH11231
- Resource Type:
- Conference
- Resource Relation:
- Conference: American Real Estate Society Annual Conference, Naples, Florida, 14-17 April 2010
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29; COMMUNITIES; ENERGY FACILITIES; PRICES; PROPERTY VALUES; SALES; WIND POWER
Citation Formats
Hoen, Ben, Wiser, Ryan, Cappers, Peter, Thayer, Mark, and Sethi, Gautam. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices. United States: N. p., 2010.
Web.
Hoen, Ben, Wiser, Ryan, Cappers, Peter, Thayer, Mark, & Sethi, Gautam. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices. United States.
Hoen, Ben, Wiser, Ryan, Cappers, Peter, Thayer, Mark, and Sethi, Gautam. 2010.
"Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices". United States. https://www.osti.gov/servlets/purl/983510.
@article{osti_983510,
title = {Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices},
author = {Hoen, Ben and Wiser, Ryan and Cappers, Peter and Thayer, Mark and Sethi, Gautam},
abstractNote = {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.},
doi = {},
url = {https://www.osti.gov/biblio/983510},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Apr 01 00:00:00 EDT 2010},
month = {Thu Apr 01 00:00:00 EDT 2010}
}