Do wind energy projects reduce property values?
No. There is no documented evidence that wind energy projects reduce the value of either the properties on which turbines are located or other properties from which the turbines can be seen. Click here to read Noble’s fact sheet on windparks and property values. The most recent study on the matter, “Impacts of Windmill Visibility on Property Values in Madison County, New York” was conducted in 2006. Click here to read a press release on the study. Click here to read a similar study – “The Effect of Wind Development on Local Property Values” – done by the Renewable Energy Policy Project in 2003. This study found that “The statistical evidence does not support a contention that property values within the view shed of wind development suffer or perform poorer than in a comparable region… For the great majority of the projects … the property values in the view shed actually go up faster than values in the comparable region.” A nationwide survey of tax assessors in areas with wind power pro
