The Impact of Wind Power Projects on Residential Property Values in the United States: A Multi-Site Hedonic Analysis

Speaker(s): 
Date: 
January 27, 2010 - 12:00pm
Location: 
90-3122

With wind energy expanding rapidly in the U.S. and abroad, and with an increasing number of communities considering wind power development nearby, there is an urgent need to empirically investigate common community concerns about wind project development. The concern that property values will be adversely affected by wind energy facilities is commonly put forth by stakeholders but had not previously been investigated thoroughly. The present research collected data on almost 7,500 sales of single-family homes situated within 10 miles of 24 existing wind facilities in nine different U.S. states. The various analyses contained in the report are strongly consistent. Specifically, neither the view of the wind facilities nor the distance of the home to those facilities is found to have any consistent, measurable, and statistically significant effect on home sales prices. For more information about this seminar, please contact: Joe Eto/Haley Gilbert486-7325

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