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Posts Tagged ‘University of Connecticut’

Massachusetts: Wind Turbines and Property Values

Thursday, January 9th, 2014
Figure 1: Summary of Amenity, Disamenity and Turbine Home Price Impacts

UNIVERSITY OF CONNECTICUT
LAWRENCE BERKELEY NATIONAL LABORATORY
This study investigates a common concern of people who live near planned or operating wind developments: How might a home’s value be affected by the turbines? Previous studies on this topic, which have largely coalesced around non-significant findings, focused on rural settings. Wind facilities in urban locations could produce markedly different results. Nuisances from turbine noise and shadow flicker might be especially relevant in urban settings, where negative features, such as landfills or high voltage utility lines, have been shown to reduce home prices. To determine if wind turbines have a negative impact on property values in urban settings, this report analyzed more than 122,000 home sales, between 1998 and 2012, that occurred near the current or future location of 41 turbines in densely-populated Massachusetts communities.

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