Does property surrounding wind farms decrease in value?
Commentary on this subject is abundant, but the only authoritative study on the subject to date, published by Lawrence Berkeley National Laboratory in December 2009, found no statistical correlation between residential property values and the existence of nearby wind turbines. The study considered the sales of 7,500 single-family residential homes located within 10 miles of a wind farm across 24 wind farms and nine states. Their conclusion was that there is no statistical evidence to support the notion that home prices are affected by the presence of a nearby wind farm.
