Resources | Property Values

Effect of Turbines on Property Values

STRAIGHT TALK Industrial Wind Zones Destroy Property Values  WeCAREsd.org

January 2016  Exploring the impact of the proposed Galloo Island energy project conducted for the Town of Henderson submitted by the Nanos Clarkson University Research Collaboration.
– Study looks at property values when Turbines are added to view.

Clarkson Nanos Galloo Island Wind Farm Study

McCann Summarizes Property Value Studies
Summary: Wind Turbine – Property Value Impact Studies

November 2013, Gone with the wind: valuing the local impacts of wind turbines through house prices (Preliminary Draft), Stephen Gibbons, London School of Economics and Spatial Economics Research Centre, London, United Kingdom

A member of the Multi Municipal Wind Turbine working group says an assessment of property values confirmed a 25% property devaluation due to industrial wind turbines. Blackburn News – Ontario – Janice MacKay – October 13, 2015

June 8, 2010 report – Residential property values are adversely and measurably impacted by close proximity of industrial-scale wind energy turbine projects to residential properties.

Richard J. Vyn. Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy. Land Economics November 2018 94:496-516; doi: 10.3368/le.94.4.496

November 28, 2018.  Properties near wind turbines lose value, says land economist.
A new study confirms the loss of property value near industrial-scale or utility-scale wind power projects, but flaws in the methodology don’t show just how bad the situation really is. Wind Concerns Ontario

Gibbons, S. (2015). Gone with the wind: Valuing the visual impacts of wind turbines through house prices. Journal of Environmental Economics and Management,
72, 177–196. http://doi.org/10.1016/j.jeem.2015.04.006

Heintzelman, M. D., & Tuttle, C. M. (2012). Values in the Wind: A Hedonic Analysis of Wind Power Facilities. Land Economics,88(3), 571-588. http://doi.org/10.3368/le.88.3.571

Hoen, B., Brown, J. P., Jackson, T., Thayer, M. A., Wiser, R., & Cappers, P. (2015). Spatial Hedonic Analysis of the Effects of US Wind Energy Facilities on Surrounding Property Values. Journal of Real Estate Finance and Economics,
51(1), 22–51. http://doi.org/10.1007/s11146-014-9477-9

Hoen, B., Wiser, R., Cappers, P., Thayer, M., & Sethi, G.. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices. Journal of Real Estate Research, (2011) 33 (3), 279–316. http://doi.org/10.5555/rees.33.3.16133472w8338613

A. Myrick Freeman III, Joseph A. Herriges, Catherine L. Kling. The Measurement of Environmental and Resource Values: Theory and Methods. (2014) Routledge.

Jensen, C. U., Panduro, T. E., & Lundhede, T. H. (2014). The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines.
Land Economics,90(4), 668–682. http://doi.org/10.3368/le.90.4.668

TED BOOKER. Realtors say Wolfe Island wind turbines caused waterfront home prices to plummet. watertowndailytimes.com. JUNE 1, 2014
CAPE VINCENT — Realtors say the value of waterfront homes in the town has slid steeply over the past five years due to the eyesore of Wolfe Island Wind Farm, creating a buyer’s market for those who don’t mind looking out at turbines.
February 13, 2009, Impact of Wind Turbines on Market Value of Texas Rural Land. 
Prepared for the South Texas Plains Agriculture Wind & Wildlife Conference. Gardner Appraisal Group Inc. GardnerAppraisalGroup.com
Case studies using  Paired Sales Analysis.
“Market Data and common sense tell us property values are negatively impacted by the presence of wind turbines. “

Related Posts