Property Values and Vt Wind Projects

September 20 2016

Property Values and Vt Wind Projects

Opponents of wind power frequently claim that wind projects reduce property values. As with all the other claims put forward by opponents, it's important to look at the actual data. Numerous studies have shown that wind power does not affect property values long-term. An analysis released in 2013 by the Lawrence Berkeley National Laboratory analyzed more than 50,000 home sales near 67 wind facilities across nine U.S. States and did not uncover any impact to nearby home property values.

Here in Vermont, one of the best local examples is the town of Milton, which hosts the Georgia Mountain Community Wind project. Property values in Milton are among the fastest rising in Chittenden County and this year's median sales price saw a 7.3 percent increase over 2015. Additionally, wind projects can bring significant economic benefit to host communities. Vermont's existing wind projects contributed more than $1.26 million to host communities and an additional $963,243 to the Vermont Education Fund.

Further Reading: No Evidence of Residential Property Value Impacts Near U.S. Wind Turbines, a New Berkeley Lab Study Finds

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