Will wind turbines negatively affect my property value?
A January 2012 study by the Whittemore School of Business & Economics , updated in 2014 by Seacoast Economics, evaluated the impacts of the Lempster Wind Farm on local property values. That study found “…no evidence that the project has had a consistent, statistically-significant impact on property values within the Lempster region.” The report went on to say “Furthermore, this study did not find any evidence to support that having a view of one or more turbines or that proximity to a turbine had any consistent, statistically-significant impacts in relation to residential property values in Lempster or the surrounding local communities.”
UNH Lempster Property Value Study
The UNH/Seacast Economics study findings are consistent with numerous national and regional studies. A 2013 study conducted by the Lawrence Berkeley National Laboratory examined the effect of proximity to wind farms on property values in more than 51,000 real-estate transactions in close proximity to wind facilities. The study concluded that there is no statistically-significant impact on property values. A 2014 study conducted in Massachusetts titled; ‘Relationship between Wind Turbines and Residential Property Values in Massachusetts’ examined more than 122,000 properties and found no relationship between residential property values and commercial wind power projects after the construction of wind power projects.
Within New Hampshire, two studies have examined the relationship between residential property values and commercial wind power projects. The Impact of the Lempster Wind Power Project on Local Residential Property Values (2012) reviewed 2,593 single family home sales (88 post-construction) from January 2005 to November 2011 in communities surrounding the Lempster Wind Power Project. The Impact of the Wild Meadows Wind Farm on Local Residential Property Values (2013) reviewed 382 single family home sales (132 post-construction) from January 2008 to July 2013 in communities surrounding both the Lempster Wind Power Project and the Groton Wind Farm. These two studies concluded that there was no evidence of a relationship between residential property values and commercial wind power projects after the construction of wind power projects in New Hampshire.