How do wind farms impact property values?
In other areas where wind farms have been installed, the value of land has not been negatively impacted. A comprehensive study on how wind farms affect property values was completed in May, 2003. The report is titled “The Effect of Wind Development on Local Property Values”, prepared by the Renewable Energy Policy Project (www.REPP.org). The study was based on 25,000 sales transactions over 10 wind farm project areas, and concludes that property values on properties within the view of the wind turbines for 8 of 10 project areas increased at a higher rate in relation to comparable properties.
