The lack of consensus in the literature on wind turbines and property values suggests that factors such as attitudes toward wind energy may influence whether turbines will impact property values. Based on identified attitudes at the municipality level in the Canadian province of Ontario, this study compares impacts on property values, estimated using a difference-in-differences hedonic approach, between municipalities that oppose wind energy development and those that have not expressed opposition. The results indicate that wind turbines have negatively impacted property values in “unwilling host” municipalities, while no significant impacts are found in unopposed municipalities.
Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy
Title: Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy
November 01, 2018
Journal: Land Economics
Publisher: The Board of Reagents of the University of Wisconsin System
Vyn, R. (2018). Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy. Land Economics, 94(4), 496-516.