Lawrence Berkeley National Laboratory has released a report: “The Impact of Wind Power Projects on Residential Property Values in the United States: A Multi-Site Hedonic Analysis”, funded by the U.S. Department of Energy.
The researchers collected data on almost 7,500 sales of single-family homes within 10 miles of 24 existing wind facilities in nine U.S. states, between 1996 and 2007; the closest home was 800 feet from a wind facility. The conclusions of the study are drawn from eight different hedonic pricing models, as well as both repeat sales and sales volume models. A hedonic model is a statistical analysis method used to estimate the impact of house characteristics on sales prices.
None of the models uncovered conclusive evidence of widespread property value effects in communities surrounding wind energy facilities. Neither the view of the wind facilities nor the distance of homes to those facilities had a consistent, measurable, and significant effect on home selling prices. While individual homes or small numbers of homes may have been negatively impacted, such impacts were either too small and/or too infrequent to result in a statistically observable effect.
The report can be downloaded from:
http://eetd.lbl.gov/ea/ems/re-pubs.html
A PowerPoint presentation that summarizes key findings can be found at:
http://eetd.lbl.gov/ea/ems/emp-ppt.html
Meanwhile, we continue to receive passionate comments on both sides of the wind energy debate. Here’s one:
Ms Saxe
I recently read some of your sentiments about renewable energy, in particular wind energy.
Because it was obvious your scope of knowledge seemed limited I request you take the time to read the the article at the link below . It is quite long at 28 pages but well worth taking the time to read as it is by a true and independent well known conservationist.
I invite your comments and any questions you may have
Thank You
Tony Clark
http://windconcernsontario.files.wordpress.com/2009/10/location_location_location_-_migration_migration_migration-with-pics.pdf