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Volume 33, Number 3, 2011

Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
 

Ben Hoen
Ernest Orlando Lawrence Berkeley National Laboratory
c/o 20 Sawmill Road
Milan, NY 12571
Email: bhoen@lbl.gov
Ryan Wiser
Ernest Orlando Lawrence Berkeley National Laboratory
1 Cyclotron Road, Mailstop 90R4000
Berkeley, CA 94720
Email: rhwiser@lbl.gov
Peter Cappers
Ernest Orlando Lawrence Berkeley National Laboratory
c/o 7847 Karakul Lane
Fayetteville, NY 13066
Email: pacappers@lbl.gov
Mark Thayer

San Diego State University
307 Nasatir Hall
San Diego, CA 92182
Email: mthayer@mail.sdsu.edu

Gautam Sethi
Bard Center for Environmental Policy at Bard College
30 Campus Road
Annandale-on-Hudson, NY 12504-5000
Email: sethi@bard.edu

 

Abstract:

With increasing numbers of communities considering wind power developments, empirical investigations regarding related community concerns are needed. One such concern is that proximate property values may be adversely affected, yet relatively little research exists on the subject. The present research investigates roughly 7,500 sales of single-family homes surrounding 24 existing U.S. wind facilities. Across four different hedonic models, and a variety of robustness tests, the results are consistent: neither the view of the wind facilities nor the distance of the home to those facilities is found to have a statistically significant effect on sales prices, yet further research is warranted. 


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