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Wind turbines, solar farms, and house prices

Author

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  • Koster, Hans
  • Dröes, Martijn
Abstract
This paper examines the effect of wind turbines - with a particular focus on turbine height - and solar farms on house prices. Using detailed data from the Netherlands between 1985-2019, the results show that tall wind turbines have considerably stronger effects on house prices, as compared to small turbines. For example, a tall turbine (\textgreater150m) decreases house prices within 2km by 5.4%, while a small turbine (

Suggested Citation

  • Koster, Hans & Dröes, Martijn, 2020. "Wind turbines, solar farms, and house prices," CEPR Discussion Papers 15023, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:15023
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    Citations

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    Cited by:

    1. Lehmann, Paul & Reutter, Felix & Tafarte, Philip, 2023. "Optimal siting of onshore wind turbines: Local disamenities matter," Resource and Energy Economics, Elsevier, vol. 74(C).
    2. Brunner, Eric J. & Hoen, Ben & Rand, Joe & Schwegman, David, 2024. "Commercial wind turbines and residential home values: New evidence from the universe of land-based wind projects in the United States," Energy Policy, Elsevier, vol. 185(C).
    3. Elmallah, Salma & Hoen, Ben & Fujita, K. Sydny & Robson, Dana & Brunner, Eric, 2023. "Shedding light on large-scale solar impacts: An analysis of property values and proximity to photovoltaics across six U.S. states," Energy Policy, Elsevier, vol. 175(C).
    4. Forsberg, Charles, 2023. "What is the long-term demand for liquid hydrocarbon fuels and feedstocks?," Applied Energy, Elsevier, vol. 341(C).
    5. Oto-Peralías, Daniel & Cuberes, David, 2023. "Land Concentration and Mega Photovoltaic Plants," OSF Preprints hakt5, Center for Open Science.
    6. Lehmann, Paul & Reutter, Felix & Tafarte, Philip, 2021. "Optimal siting of onshore wind turbines: Local disamenities matter," UFZ Discussion Papers 4/2021, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    7. Wehrle, Sebastian & Gruber, Katharina & Schmidt, Johannes, 2021. "The cost of undisturbed landscapes," Energy Policy, Elsevier, vol. 159(C).
    8. Dong, Luran & Gaur, Vasundhara & Lang, Corey, 2023. "Property value impacts of onshore wind energy in New England: The importance of spatial heterogeneity and temporal dynamics," Energy Policy, Elsevier, vol. 179(C).
    9. Tang, Cheng Keat & Gibbons, Stephen, 2024. "Are friends electric? Valuing the social costs of power lines using house prices," Energy Economics, Elsevier, vol. 134(C).
    10. Claudia Serra-Sala & Clàudia Serra-Sala, 2024. "Harnessing the Wind: The Impact of Wind Farm Development on Municipal Finances," CESifo Working Paper Series 11283, CESifo.

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    More about this item

    Keywords

    Wind turbines; Solar farms; House prices;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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