4-8-15 – UK Study Says Wind Farms Reduce Home Prices by Up to 12%

by Rob Roper

Professor Stephen Gibbons of the London School of Economics has published a study titiled, “Gone with the wind: Valuing the visual impacts of wind turbines through house prices.” The long and the short of it is that homes that find themselves near by commercial wind facilities can lose up to 12 percent of their value within a perimeter of 14 kilometers (8 miles). The closer you are to the turbines, the greater the negative impact.

Specifically, quoting from the study: “The overall finding is that operational wind farm developments reduce prices in locations where the turbines are visible, relative to where they are not visible, and that the effects are causal. This price reduction is around 5–6% on average for housing with a visible wind farm within 2 km, falling to under 2% between 2 and 4 km, and to near zero between 8 and 14 km, which is at the limit of likely visibility…. As might be expected, large visible wind farms have much bigger impacts that extend over a wider area.”

Gibbon’s study is worth Vermonter’s taking a look at for a couple of reason. First, it focuses on rural areas of England and Wales where aesthetics play a big part in home values, much like Vermont. Other studies have show little or no impact on housing prices as a result of wind turbine proximity, but Gibbon points out that these studies focused on small facilities (one turbine) in industrialized neighborhoods.

The bigger reason to pay attention is because our Comprehensive Energy Plan will require a massive expansion of renewable energy project to meet the goal of 90% renewables by 2050. David Blittersdorf has said he envisions 200 miles of ridgelines developed with wind turbines to meet this goal. Given that Vermont is only about 150 miles long at its widest point, that means a lot of Vermonter’s homes will be within 8 miles of one or more of these wind facilities.

Rob Roper is president of the Ethan Allen Institute

{ 1 comment… read it below or add one }

jim bulmer April 12, 2016 at 1:58 pm

Once again, who cares about facts and unintended consequences – my minds made up. And these clowns get reelected year after year. Will the folks ever wake up and elect individuals who not only can read and write, but bring some sanity to Montpelier??????

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