RT Journal Article
SR Electronic
T1 Utility-Scale Solar Farms and Agricultural Land Values
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 102920-0165R
DO 10.3368/le.99.3.102920-0165R
A1 Nino Abashidze
A1 Laura O. Taylor
YR 2022
UL http://le.uwpress.org/content/early/2022/12/20/le.99.3.102920-0165R.abstract
AB Property value models are used to examine how utility-scale, ground-mount solar farms impact nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm construction may indirectly affect agricultural land values by signaling the land’s suitability for future solar development. Specifically, results indicate that proximity of agricultural land to electric transmission lines may be positively valued after a solar farm is constructed nearby.