TY - JOUR T1 - Values in the Wind: A Hedonic Analysis of Wind Power Facilities JF - Land Economics JO - Land Econ SP - 571 LP - 588 DO - 10.3368/le.88.3.571 VL - 88 IS - 3 AU - Martin D. Heintzelman AU - Carrie M. Tuttle Y1 - 2012/08/01 UR - http://le.uwpress.org/content/88/3/571.abstract N2 - The siting of wind facilities is extremely controversial. This paper uses data on 11,331 property transactions over nine years in northern New York State to explore the effects of new wind facilities on property values. We use a fixed-effects framework to control for omitted variables and endogeneity biases. We find that nearby wind facilities significantly reduce property values in two of the three counties studied. These results indicate that existing compensation to local homeowners/communities may not be sufficient to prevent a loss of property values. (JEL Q51, Q53) ER -