Saturday, December 12, 2009

LBNL Study: Wind Power Projects Do Not Decrease Land Values - Renewable Energy World

LBNL Study: Wind Power Projects Do Not Decrease Land Values - Renewable Energy World: "With more than 30,000 megawatts of wind energy capacity installed across the United States and more on the way, many communities are concerned about the impact of wind farms on the property values. A new report released today by the U.S. Department of Energy's (DOE) Lawrence Berkeley National Laboratory (LBNL) evaluates that concern. The report found that that proximity to wind energy facilities does not have a pervasive or widespread adverse effect on the property values of nearby homes.

The new report, funded by the DOE, is based on site visits, data collection and analysis of almost 7,500 single-family home sales in areas where wind farms have been developed.

“Neither the view of wind energy facilities nor the distance of the home to those facilities was found to have any consistent, measurable, and significant effect on the selling prices of nearby homes,” said report author Ben Hoen, a consultant to Berkeley Lab. “No matter how we looked at the data, the same result kept coming back - no evidence of widespread impacts.”"

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