Property Values

Wind Turbines and Property Values

Some members of the community have expressed concerns about wind turbines affecting property values. It’s good to know that all the evidence indicates there is no effect. There have been three recent studies completed on this topic, including a study published in August 2013 by University of California, Berkeley, which analyzed 51,000 transactions around 67 wind projects across 27 counties in the U.S. and concluded that there is no evidence that wind projects have an adverse effect on home values. This study can be downloaded at http://emp.lbl.gov/sites/all/files/lbnl-6362e.pdf

Another study, conducted by the University of Rhode Island and published in October 2013, analyzed 48,000 housing sales within five miles of wind projects in Rhode Island from January 2000 to February 2013 and concluded that “wind turbines have no statistically significant impact on house prices.” This study can be downloaded at http://www.energy.ri.gov/documents/Onshore%20Wind/Final%20Property%20Values%20Report.pdf.

Finally, a study on the impact of wind turbines on property values published in January 2014 by the University of California, Berkeley and the University of Connecticut, analyzed 122,000 home sales that occurred near current or future wind turbine locations in Massachusetts communities from 1998–2012 and concluded that wind turbines have no adverse impact on property values. That report can be downloaded at: http://emp.lbl.gov/sites/all/files/lbnl-6371e_0.pdf