No. Long-term, comprehensive studies have
shown that wind and solar power does not affect property values. Rather, it is a driver
for economic development in the host communities and supports local municipal
services that benefit all property owners.
The Lawrence Berkeley National Laboratory
collected data from more than 50,000 home sales from 27 counties in nine
states. "Across all model specifications, we find no statistical evidence
that home prices near wind turbines were affected in either the
post-construction or post announcement/preconstruction periods." LBNL, A Spatial Hedonic Analysis of
the Effects of Wind Energy Facilities on Surrounding Property Values in the
A Bloomberg Businessweek article (Oct. 2016) reported that investments in
wind power have actually helped increase assessed land values in some of the
poorest areas of rural America.
In addition, the Wind Energy Production Tax
Credit has benefitted many communities by keeping property taxes lower and
offering another source of income for counties and townships.
Large solar projects often have no negative impact on property values. In some cases, they may even have tangible positive effects. Proximity to solar farms does not negatively impact the sales of agricultural or residential land or deter its purchase. On residential properties, installation of rooftop solar panels can drive the value of a home up to 4.1% higher than it would have been without the project.