Study: Wind turbines do not impact nearby property values

WIND TURBINES CONSTRUCTED near residential homes have no statistically significant negative impact on property values, according to a study by University of Rhode Island economist Corey Lang. Above, the defunct turbine adjacent to Portsmouth High School, one of the 12 turbines included in Lang's study. / PBN FILE PHOTO/FRANK MULLIN
WIND TURBINES CONSTRUCTED near residential homes have no statistically significant negative impact on property values, according to a study by University of Rhode Island economist Corey Lang. Above, the defunct turbine adjacent to Portsmouth High School, one of the 12 turbines included in Lang's study. / PBN FILE PHOTO/FRANK MULLIN
SOUTH KINGSTOWN – The construction and operation of wind turbines in Rhode Island does not depress nearby property values, according to a study conducted by University of Rhode Island economist Corey Lang. Lang, an assistant professor of natural resource economics at URI, presented the results of his study at a public meeting on Dec. 17…
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1 COMMENT

  1. Study is strictly RI properties. It was suggested for Mr. Lang to include Falmouth and Fairhaven before his study began. A case just won 12/5/13 in Falmouth Zoning Board of Appeals based in large part on an appraisal stating property value decreased by 20% due to proximity of turbines. A 2012 appraisal of $714K, a recent town appraisal of $589,500, and latest appraised value of $425K. The appraisal also stated that all sales within a half a mile of either Wind 1 or Wind 2 are affected in the same negative way.
    http://www.falmouthmass.us/agenda.php?depkey=zone&number=6141
    Closest affected Falmouth homes are roughly 1200-1600′, which is greater than anticipated RI setback guidelines. Research funded by RIOER.