Research on U.S properties with a view of Wolfe Island wind turbines showed an overall property value loss of 15 per cent for homes “with a view” of the turbines.

Dec 6 2018 | 

Using research completed recently by a land economist with the University of Guelph and published in Land Economics, Wind Concerns calculates that overall, the property loss for houses within 5 km of the 33 planned turbines could be $87.8 million. Using other research that is less conservative, however, the property value loss could be more than $140 million.

Research done in 2016 by the partnership of Clarkson University and Nanos Research on U.S properties with a view of Wolfe Island wind turbines showed an overall property value loss of 15 per cent for homes “with a view” of the turbines. Older research done by Ontario real estate appraiser Ben Lansink in 2012 found a more dramatic reduction for properties closest to turbines, an average loss of 37 per cent.

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Reposted from Wind Concerns Ontario December 5, 2018 www.windconcernsontario.ca

Sources

Richard Vyn, “Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy”, Land Economics. http://le.uwpress.org/content/94/4/496.abstract?etoc

Clarkson-Nanos: http://www.watertowndailytimes.com/news03/clarkson-study-henderson-could-lose-40-million-in-property-value-from-galloo-island-wind-project–20160405

Forbes: https://www.forbes.com/sites/judeclemente/2015/09/23/do-wind-turbines-lower-property-values/#4ea0a2d148cb

Lansink: http://www.lansinkappraisals.com/downloads/CaseStudy_DiminutionInValue_InjuriousAffection_WindTurbines.pdf

via Property value loss from North Stormont wind farm in the millions: Wind Concerns Ontario