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Home > Feature Articles > Sustainable Development Best Practices for Community Sustainability

Property Values Near Wind Farms Report

A 2007 commercial study reveals that wind farms did not affect property value in nearby residential developments.

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Wind Farm and Community Property Values

A 2007 study incorporating data from wind farms in two states. The study of property sales from 1998 through 2006 indicates no differences in property values in the wind farm areas as compared with other similar areas.

The real estate study was prepared by Peter J. Poletti, president of Poletti and Associates, an Illinois-certified general real estate appraiser. Poletti and Associates compared sales of homes and farmland properties within an area close to the wind farm - the target area - to those in a control area with similar characteristics but outside any areas of wind farms.

According to Chicago-based Invenergy Wind LLC, which commissioned the study, Poletti and Associates' conclusions reinforce other studies in recent years that have also found that wind farms have no negative impact on nearby property values.

For example, a 2003 study by the Renewable Energy Policy Project of 25,000 property sales within view of 10 wind farms in seven states revealed "for the great majority of projects, the property values actually rose more quickly in the view shed than they did in the comparable community."

"Many people like the graceful look of modern wind turbines, and they enjoy knowing that their community is helping to produce pollution-free energy and being a part of solving our global warming problems," said Howard Learner, Executive Director of the Environmental Law & Policy Center.

The Poletti and Associates study can be found at: www.invenergyllc.com (then click Property Value Impact Study tab)



Edited by Carolyn Allen, owner/editor of California Green Solutions
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