Study on Property Values Near Solar Farms
The authors analyzed home sales near solar farms in six states. They found diminished property values in Minnesota, North Carolina, and New Jersey. Other states had small or no changes. The paper accounted for differences to isolate the solar effect.
Common Misconceptions About Solar Farms
It is a common misconception that solar farms decrease property values. In some cases, solar arrays have no impact or positive effects on adjacent properties.
Impact of Solar Power Plants
Solar power plants have no moving parts so can ensure maintenance-free, continuous power. Unlike thermal and nuclear plants, they don’t emit pollutants that severely affect the environment.
Do Solar Farms Affect Property Values?
Do solar farms affect neighbors’ property values? A study found homes within half a mile of a solar farm have 1.5 percent lower resale prices than those slightly farther away. This refutes claims of huge drops by solar opponents. It also disputes the solar industry’s argument of no clear connection.
Research Findings on Solar’s Impact on Property Value
Researchers analyzed home sales near solar farms in six states. They found diminished property values in Minnesota, North Carolina, and New Jersey. Other states had small or no changes. The paper accounted for differences to isolate the solar effect. It is a common misconception that solar farms decrease property values. In some cases, solar arrays have no impact or positive effects on adjacent properties.
Advantages of Solar Power Plants
Solar power plants have benefits. They ensure maintenance-free, continuous power. Unlike thermal and nuclear plants, they don’t severely affect the environment.
Factors Influencing Solar’s Added Value
Factors like location, local policies, and rates determine solar as a valuable addition. Solar energy can save money. Researchers used property data to determine solar energy on improvement. Surveys were conducted homeowners who recently installed comparing sale with without. The results revealed a significant positive effect, houses solar panels value.