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

Journal Article · Thu Apr 01 00:00:00 EDT 2010 · The Journal of Real Estate Research

OSTI ID:983511

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

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.

• 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: 983511
• Report Number(s): LBNL-3522E-JArt; TRN: US201014%%519
• Journal Information: The Journal of Real Estate Research, Journal Name: The Journal of Real Estate Research
• Country of Publication: United States
• Language: English

Related Subjects

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COMMUNITIES
ENERGY FACILITIES
PRICES
PROPERTY VALUES
SALES
WIND POWER