Study: Wind power projects do not affect value of nearby homes

Lawrence Berkeley National Laboratory wind power projects do not affect home values

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.

Read more wind energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...