The Vindication of Don Quixote: The Impact of Noise and Visual Pollution from Wind Turbines

Cathrine Ulla Jensen, Toke Emil Panduro and Thomas Hedemark Lundhede

Land Economics, 2014, vol. 90, issue 4, 668-682

Abstract: In this article we quantify the marginal external effects of nearby land-based wind turbines on property prices. We succeed in separating the effect of noise and visual pollution from wind turbines. This is achieved by using a dataset consisting of 12,640 traded residential properties located within 2,500 meters of a turbine sold in the period 2000–2011. Our results show that wind turbines have a significant negative impact on the price schedule of neighboring residential properties. Visual pollution reduces the residential sales price by up to about 3%, while noise pollution reduces the price between 3% and 7%.

JEL-codes: Q18 Q38 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (55)

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