Yet another study pulls the rug out from under the 'property values' argument against wind turbines and utility-scale wind farms.
Fossil energy stakeholders have been ginning up local opposition to new wind farms, partly on account of their supposed impact on property values. They are going to have their hands full now. A growing pile of evidence indicates that impacts on property values are in fact negligible, and the US Department of Energy has just unleashed a new effort aimed at convincing farmers and other rural businesses to install wind turbines of their very own.
“This allows an unprecedented examination of impacts on sales prices through the full wind project development cycle,” Berkeley Lab noted., compared to those farther away. However, the impact was only detected in more populated counties, it was temporary, and it appears to be related to concerns raised while the projects were still in the early stages.
“If property value impacts exist within that distance, they were too small and/or too infrequent to result in any widespread, statistically observable impact within the study model,” the lab explained.and 60,000 wind turbines in the US. The study, which covered home sales from 1997 to 2020, was co-authored by Professor Maximilian Auffhammer, Department of Agricultural and Resource Economics at the University of California, Berkeley.
Unlike earlier studies that only considered the distance between wind turbines and homes, the new study also factors in whether or not the turbines are visible.
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