{"id":17122,"date":"2024-03-19T12:48:09","date_gmt":"2024-03-19T12:48:09","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/03\/19\/how-much-are-wind-turbines-dragging-down-home-values-a-new-study-has-surprising-answers\/"},"modified":"2024-03-19T12:48:09","modified_gmt":"2024-03-19T12:48:09","slug":"how-much-are-wind-turbines-dragging-down-home-values-a-new-study-has-surprising-answers","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/03\/19\/how-much-are-wind-turbines-dragging-down-home-values-a-new-study-has-surprising-answers\/","title":{"rendered":"How much are wind turbines dragging down home values? A new study has surprising answers"},"content":{"rendered":"
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As wind energy expands in the United States, concerns have grown about the potential for tall turbines to be a drag on property values. <\/p>\n

But a new nationwide study that analyzed data from 300 million home sales and 60,000 wind turbines\u00a0finds turbines\u2019 impact on home values is much lower than previously thought \u2013 about a 1% drop on average for a home with at least one wind turbine within six miles. <\/p>\n

The study\u2019s authors find the most impact on home prices happens if a home is less than five miles from a turbine; the further a home is from a turbine, the less of a value hit it takes. <\/p>\n

Even for homes close to a turbine, the study finds the negative impact to property value \u201cdiminishes and eventually disappears\u201d within a decade. <\/p>\n

To measure the impact, scientists set out with a very simple question, said Max Auffhammer, a study co-author and\u00a0professor at the University of California, Berkeley. <\/p>\n

Getting the answer required building a massive mapping database of the distance between US homes and wind turbines, accounting for changes in topography and other factors. <\/p>\n

\u201cWe calculated whether you can see the turbine \u2013 or whether there is a mountain in the way, for example \u2013 and if so, how the house value changes compared to other houses in the same area where residents cannot see the wind turbine,\u201d\u00a0Wei Guo, the study\u2019s lead author and a researcher at the Italian Centro Euro-Mediterraneo sui Cambiamenti Climatici, said in a statement. <\/p>\n

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Related article<\/span> Wind energy is booming in deep-red Republican states<\/span> <\/p>\n<\/div>\n

The study also explored just how big wind turbines appear to the human eye. They found that, on average, a wind turbine five miles away appeared roughly the same size as an aspirin tablet held with an outstretched arm. If the same turbine were one mile away, it would appear the size of a golf ball. <\/p>\n

Auffhammer said one of the study\u2019s most interesting findings was most of the dips in housing value were driven by early wind turbine installations in the US at the end of the 1990s. Closer to 2020, \u201cwe don\u2019t really find an effect,\u201d Auffhammer added. <\/p>\n

The number of people who live very short distances from a turbine is also very small \u2013 the study recorded fewer than 250,000 housing transactions within a mile of a wind turbine. <\/p>\n

Much of the growth in wind turbines in the US has been on farmland in the Midwest, Great Plains states and Texas. In many cases, farmers lease their land out to utility companies and are paid for that space. <\/p>\n

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Related article<\/span> Republicans voted \u2018no\u2019 on the climate bill. Their states will get billions of dollars from it anyway<\/span> <\/p>\n<\/div>\n

Auffhammer said he is hopeful the data can help farmers and homeowners make a calculated decision on whether lease payments are enough to help balance out a potential loss of value on their homes. <\/p>\n

The study\u2019s researchers said that recovery in value over time could suggest homeowners and prospective buyers are simply getting more comfortable with wind turbines, and the machines are starting to blend into the surrounding landscape in the same way electrical infrastructure does. <\/p>\n

\u201cThe way I think about it is, the first piece of electric transmission infrastructure people probably were yelling, \u2018what is this ugly tower with wires? It\u2019s ruining the landscape,\u2019 because you\u2019re not used to it,\u201d Auffhammer said. \u201cNow when I drive down the highway, I don\u2019t even notice transmission infrastructure anymore. I just got used to it. I think something similar here is happening to windmills.\u201d <\/p>\n\n

This post appeared first on cnn.com<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

As wind energy expands in the United States, concerns have grown about the potential for tall turbines to be a drag on property values. But a new nationwide study that analyzed data from 300 million home sales and 60,000 wind turbines\u00a0finds turbines\u2019 impact on home values is much lower than previously thought \u2013 about a <\/p>\n","protected":false},"author":0,"featured_media":17123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-17122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/17122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=17122"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/17122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/17123"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=17122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=17122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=17122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}