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No evidence of residential property value impacts near US wind turbines

Date:
August 27, 2013
Source:
DOE/Lawrence Berkeley National Laboratory
Summary:
After analyzing more than 50,000 home sales near 63 wind facilities in 27 counties across nine US states, researchers were unable to uncover any impacts to nearby home property values.

Lawrence Berkeley National Laboratory (Berkeley Lab) analyzed more than 50,000 home sales near 67 wind facilities in 27 counties across nine U.S. states, yet was unable to uncover any impacts to nearby home property values.

"This is the second of two major studies we have conducted on this topic [the first was published in 2009 -- see below], and in both studies [using two different datasets] we find no statistical evidence that operating wind turbines have had any measureable impact on home sales prices," says Ben Hoen, the lead author of the new report.

Hoen is a researcher in the Environmental Energy Technologies Division of Berkeley Lab.

The new study used a number of sophisticated techniques to control for other potential impacts on home prices, including collecting data that spanned well before the wind facilities' development was announced to after they were constructed and operating. This allowed the researchers to control for any pre-existing differences in home sales prices across their sample and any changes that occurred due to the housing bubble.

This study, the most comprehensive to-date, builds on both the previous Berkeley Lab study as well a number of other academic and published U.S. studies, which also generally find no measureable impacts near operating turbines.

"Although there have been claims of significant property value impacts near operating wind turbines that regularly surface in the press or in local communities, strong evidence to support those claims has failed to materialize in all of the major U.S. studies conducted thus far," says Hoen. "Moreover, our findings comport with the large set of studies that have investigated other potentially similar disamenities, such as high voltage transmission lines, land fills, and noisy roads, which suggest that widespread impacts from wind turbines would be either relatively small or non-existent."

The report was authored by Ben Hoen (Berkeley Lab), Jason P. Brown (formerly USDA now Federal Reserve Bank of Kansas City), Thomas Jackson (Texas A & M and Real Property Analytics), Ryan Wiser (Berkeley Lab), Mark Thayer (San Diego State University) and Peter Cappers (Berkeley Lab). The research was supported by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy.

Report: http://emp.lbl.gov/sites/all/files/lbnl-6362e.pdf


Story Source:

The above story is based on materials provided by DOE/Lawrence Berkeley National Laboratory. Note: Materials may be edited for content and length.


Cite This Page:

DOE/Lawrence Berkeley National Laboratory. "No evidence of residential property value impacts near US wind turbines." ScienceDaily. ScienceDaily, 27 August 2013. <www.sciencedaily.com/releases/2013/08/130827135018.htm>.
DOE/Lawrence Berkeley National Laboratory. (2013, August 27). No evidence of residential property value impacts near US wind turbines. ScienceDaily. Retrieved July 24, 2014 from www.sciencedaily.com/releases/2013/08/130827135018.htm
DOE/Lawrence Berkeley National Laboratory. "No evidence of residential property value impacts near US wind turbines." ScienceDaily. www.sciencedaily.com/releases/2013/08/130827135018.htm (accessed July 24, 2014).

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