Saturday, December 12, 2009

Wind farms don't impact property prices

Recommended article from New Scientist, Wind farms don't affect property prices. This is especially important with the increased focus on alternative energy sources. Part of the article:

As part of a US government-funded study, Hoen's team recorded the sale price of around 7500 homes in nine states and then devised mathematical models to reveal how, all other things being equal, proximity to a wind farm affected their value.

Not much, it turns out. Homes less than 1.5 kilometres from a wind farm sold for no less, on average, than homes 8 kilometres away. Similarly, home values tended to remain stable long after wind farms sprung up.

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