How much are we willing to pay to live further away from wind turbines? ...and what about solar farms?

Gepubliceerd op 8 januari 2023 om 18:58

Scientific paper:

This paper examines the effect of wind turbines and solar farms on house prices. Using detailed data from the
Netherlands between 1985 and 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 (>150m) decreases house prices
within 2 km by 5.4%, while a small turbine (<50m) has an effect of maximally 2% and the effect dissipates after
1 km. Further results indicate that solar farms lead to a decrease in house prices within 1 km of about 2.6%. By
comparing the overall impact on house prices, we show that the external effects of solar farms per unit of energy
output are comparable to those of wind turbines. Thus, building solar farms instead of wind turbines does not
seem to be a way to avoid the external effects of renewable energy production.


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