Study: No Evidence of Impact on Property Values from Wind Turbines
Friday, January 10, 2014
The report, written by researchers from the University of Connecticut and Lawrence Berkeley National Laboratory, examined 122,000 Massachusetts real estate transactions between 1998 and 2012. It compared transactions within a half-mile of constructed wind turbines to similar transactions between one half-mile and five miles away.
Download the full report here.
“Properly-sited renewable energy projects like wind turbines can deliver clean energy for our citizens and boost our local economy,” said Massachusetts Clean Energy Center (MassCEC) CEO Alicia Barton. “This report is designed to provide fact-based research to inform decision-makers on potential impacts wind turbines could have on nearby property.”
The study, commissioned by MassCEC, was co-authored by Carol Atkinson-Palombo, assistant professor of geography at the University of Connecticut, and Ben Hoen, staff research associate of Lawrence Berkeley National Laboratory, and was peer-reviewed by a number of leading economists and appraisers before release.
The report compares the relationship between wind turbines and residential home values to those of factors previously shown to affect home prices, like high-voltage transmission lines, landfills, highways, protected open space and proximity to beaches.
Of the impacts studied, landfills and transmission lines have the greatest negative impact (or disamenity) on home prices while beachfront and proximity to beaches were found to have the greatest positive impact (or amenity) on home prices. The study found that operating turbines have a +0.5 percent amenity which falls within the study’s margin of error.
Massachusetts has expanded the number of wind energy projects in the state from just 3 MW and three turbines installed in 2007 to more than 100 MW and dozens of turbines installed now throughout the Commonwealth. This study builds upon the Patrick Administration’s focus on providing municipalities and developers with the research they need to make informed decisions on these types of projects.
Related Slideshow: 9 Challenges Facing Worcester’s New City Manager
Now the Edward Augustus is serving as City Manager for Worcester, GoLocal reached out to the city's leaders to find out what they believe are the biggest challenges Augustus will face in his new role.
Related Articles
- NEW: Gov. Patrick Touts Mass as Global Leader in Clean Energy
- NEW: Worcester’s World Energy Helps Taft School Go Green
- NEW: Mass Gets $1 Million to Promote Clean Energy
- NEW: World Energy Solutions Acquires Northeast Energy Partners
- NEW: Massachusetts Tops National Energy Efficiency Rankings
- NEW: McGovern Announces Nearly $4 Million for Energy Research at WPI
- BETTER LIVING: Energy-Saving Lightbulbs
- NEW: Moore Announces Grant for Worcester for Clean Energy Jobs
- Central MA Farms Receive Grants For Energy/Environmental Upgrades
- Renewable Energy Grants Support East Providence Solar Project, Bristol Wind Turbine
- Grace Ross: Dirty Energy at Massachusetts’s Brayton Point
- NEW: Wind Turbine Finds Foes in Charlestown
- Massachusetts Ranked #1 State For Energy Efficiency
- NEW: National Clean Energy Report Ranks Mass Second
Follow us on Pinterest Google + Facebook Twitter See It Read It