Northwest Renewable News

Your Daily Source for Renewable Energy News in Oregon, Washington, Idaho, Montana & Northern California

Study: Wind farms have no effect on property value December 2, 2009

Filed under: Wind — nwrenewablenews @ 11:24 am
Tags: , ,

A new government-funded study says wind farms have no measurable effect on property values.

The Department of Energy’s Berkeley Lawrence National Laboratory analyzed nearly 7,500 single-family homes sales between 1996 and 1997 near 24 wind farms in nine states.

The findings released Wednesday conclude there wasn’t a widespread impact on property values within a five-mile radius of wind power projects.

Homeowners opposed to wind farms say the projects spoil skyline views and scare off potential buyers. Groups that have traditionally opposed wind farms are already criticizing the report, saying the methodology is flawed.

Associated Press – http://www.thenewstribune.com/apheadlines/business/story/977661.html

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