Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices
Year: 2011
Type: article
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.
Authors: University, San Diego State, College, Bard Center for Environmental Policy at Bard, Hoen, Ben, Wiser, Ryan, Cappers, Peter, Thayer, Mark, Sethi, Gautam
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2801428825