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Issue 20
December , 2009
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Wind projects do not hurt property prices

Source: Scientific American, Date: December , 2009

Proximity to a wind power project does not generally hurt property values, according to a new report that seeks to settle a long-standing concern with the technology.

 

The study, released yesterday by Lawrence Berkeley National Laboratory, assessed nearly 7,500 single-family houses and applied statistical methods and 10 different pricing models to draw its conclusions.

Homes included in the analysis were located near 24 wind-power facilities in nine states, and ranged from 800 feet to 10 miles from the nearest wind facility. The home sales examined took place between 1996 and 2007, extending from before projects were announced to after construction was completed and full operation was under way, researchers said.

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