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PROPERTY VALUE IMPACTS OF COMMERCIAL-SCALE SOLAR ENERGY IN MASSACHUSETTS AND RHODE ISLAND

March 22, 2021
By Vasundhara Gaur and Corey Lang

This study shows the property values of houses located near industrial solar facilities decline, costing homeowners millions of dollars in value.

This study found that house prices within a mile of a Rhode Island or Massachusetts commercial solar array fell by an average of 1.7 percent. Homes within a tenth of a mile of the installations declined by 7 percent.

Aside from their negative impact on housing prices, solar arrays have become "a contentious land-use issue because solar arrays take up quite a bit of land per unit of energy produced,” says Corey Lang, associate professor of natural resource economics at the University of Rhode Island, one of the authors of the study.