What financial impacts do wind turbines have on property values in various geographic locations?
Property value impacts due to wind turbines has long been a topic of conversation in various communities.
Each community is different and each has their own viewpoints and opinions. However, it should be noted that multiple studies around the world have consistently found no statistical evidence that links wind projects to widespread reduced property values.
In Canada, one of these studies was conducted by the Municipal Property Assessment Corporation’s (MPAC). Their analysis of sales indicated that the presence of wind turbines, that are either abutting or in proximity to a property, has neither a positive nor negative impact on its value.
Another study was recently conducted by the U.S. Department of Energy (2013), which stated “no statistical evidence that home prices near wind turbines were affected in either the post-construction or post-announcement/preconstruction periods.” (http://www.energy.gov/sites/prod/files/2013/12/f5/2013_wind_property_values.pdf)