A study released this month from the Lawrence Berkeley National Laboratory indicates that wind power projects do not affect the value of nearby homes.
The study collected data from more than 50,000 home sales in 27 counties in nine states, all of which were within 10 miles of a wind power facility. Of the sales, 1,198 were within one mile of a wind turbine.
“Regardless of model specification, we find no statistical evidence that home values near turbines were affected in the post-construction or post-announcement/pre-construction periods,” the report states, noting that previous research suggested that the affect of wind turbines on property value is likely to be small.
The research facility stated that previous research has been limited by small sample sizes, particularly when looking at homes located very close to wind turbines, and the inability to account for other factors that could affect home values.
To read the full report, click here.
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