Property Value of Nearby Homes Hurt By Wind Turbines

| 3/20/2013 3:43:43 PM

Tags: wind turbines, property value, renewable energy, wind power, wind energy,

This press release was provided by PR Newswire. 

Land-based wind turbines can cause property values within two miles of the 30 to 50 story high structures to plummet by 15 percent to 40 percent, according to comprehensive appraisal studies. wind-turbine-and-house 

The individual real estate impact reports covered the towns of Falmouth, Nantucket, Shelburne, Dennis, and Brewster and are emblematic of similar studies in other states, according to Michael McCann, president of McCann Appraisals of Chicago. 

"The wind turbines near residential areas are devastating to home values," McCann said.  His firm has conducted more than 20 appraisals of homes near existing or proposed land-based wind turbines in more than two dozen communities across the country. 

The studies were credited by Wind Wise-Massachusetts (WWMA) as a significant contributing factor, along with negative health impacts, in the withdrawing of 43 wind turbine projects in the Commonwealth during the past eight years. 

Wind Wise-Massachusetts is a statewide alliance of environmentally active grassroots organizations and individuals who are concerned about the negative health, environmental, and economic impacts of poorly-sited wind turbines.  The organization has supporters in more than 200 cities and towns. 

8/15/2015 7:18:19 AM

Wind turbines do not lower property values, its the negative propaganda by anti wind turbines activists that do this. These anti wind turbines activists paid for this "study" This "study" has also no information what the real property values did, near older turbines. It was only made for negative propaganda against windturbines Wind turbines generate cheap power, for their owners. What would happen if property owners would have the chance to buy a piece of a wind turbine, to become proud owner, en generate their own power? It would increase the value of the property, because of the positive relation between property and the wind turbines. Selling part of a wind farm plan, to citizens, before the turbines are build, should be a standard procedure for any wind farm development

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