RT Journal Article
SR Electronic
T1 Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 496
OP 516
DO 10.3368/le.94.4.496
VO 94
IS 4
A1 Richard J. Vyn
YR 2018
UL http://le.uwpress.org/content/94/4/496.abstract
AB The lack of consensus in the literature on wind turbines and property values suggests that factors such as attitudes toward wind energy may influence whether turbines will impact property values. Based on identified attitudes at the municipality level in the Canadian province of Ontario, this study compares impacts on property values, estimated using a difference-in-differences hedonic approach, between municipalities that oppose wind energy development and those that have not expressed opposition. The results indicate that wind turbines have negatively impacted property values in “unwilling host” municipalities, while no significant impacts are found in unopposed municipalities. (JEL R11, R52)