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Wind turbines and solar farms drive down house prices

March 22, 2021
By Hans Koster, Martijn Dröes

Industrial wind farms and solar facilities drive down housing prices.

From the study:

Countries that invest in renewable energy production face frequent opposition from local homeowners. Using a detailed housing transactions dataset covering the whole of the Netherlands since 1985, this column compares the overall impact that wind turbines and solar farms have on housing prices. It finds that tall wind turbines (over 150 metres) have a negative effect, and solar farms generate losses as well (2-3% for homeowners within a 1km orbit). This evidence should be factored into finding the optimal allocation of renewable energy production facilities.