Environment Forum

Wind projects don’t harm property values: study

December 3, 2009

Not-in-my-backyard — or NIMBY — protests can stall or stop wind power projects, with their spinning turbines, or other renewable energy projects, as Reuters has reported here.

But a new study issued by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory gives wind power companies and developers a leg up in the debate.

The study — which can be read here – examined the sales of 7,500 single-family homes from 1996 to 2007. It found that wind power does not deserve the stigma — like causing a nuisance or ruining the scenery — that it sometimes carries.

“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,” the study said.

Still, it’s probably too early to declare the debate closed over where to put large scale wind, solar and other renewable energy projects and their environmental impact.

(Photo credit: Fabrizio Bensch / Reuters)

Comments
4 comments so far | RSS Comments RSS

What else could be expected of the DOE who just gave $500 million of our tax dollars in direct grants to wind developers, mostly foreign llcs.And wasted another $500,000 for this bogus study that anyone with a brain and any common sense can see is total BS.Most property around wind factories, even proposed wind factories go down or don’t sell at all.

Posted by useless | Report as abusive
 

Maybe you cannot read! Of the 7500 homes studied less than 1.5% were within a mile of a wind site some were 10 miles away. Of the homes that were close the average loss in value was 5.5%, or for me £15,000!This is worthy of the B.ull#### W.ith E.very A.nswer people

Posted by John Wilson | Report as abusive
 

Two points from the report, under ‘Conclusions’ page 75:

1. “The result is the most comprehensive and
data-rich analysis to date on the potential impacts of wind projects on nearby property values.”

2. “On the data and analysis presented in
this report, no evidence is found that home prices surrounding wind facilities are consistently, measurably, and significantly affected by either the view of wind facilities or the distance of the home to those facilities. Although the analysis cannot dismiss the possibility that individual or small numbers of homes have been or could be negatively impacted, if these impacts do exist, they are either too small and/or too infrequent to result in any widespread and consistent
statistically observable impact.”

In fact, this is also consistent with reports in Britain and elsewhere.

Posted by nickmedic1 | Report as abusive
 

Wind farn are a good thind as they produce green energy to the surrounding properties. I am looking for a property for sale in Golders Green and the wind farm project did not affect the propertie values there.
http://www.estateagents-goldersgreen.co. uk/articles/flatspropertysale.html

Posted by Property | Report as abusive
 

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