The Amenity Costs of Offshore Windfarms: Evidence from a Choice Experiment

Sanja Lutzeyer, Daniel J. Phaneuf and Laura Taylor

No 264972, CEnREP Working Papers from North Carolina State University, Department of Agricultural and Resource Economics

Abstract: We conduct a choice-experiment with individuals that recently rented a vacation property along the North Carolina coastline to assess the impacts of a utility-scale wind farm on their rental decisions. Visualizations were presented to survey respondents that varied both the number of turbines and their proximity to shore. Results indicate that there is not a scenario for which respondents would be willing to pay more to rent a home with turbines in view, as compared to the baseline view with no turbines in sight. Further, there is a substantial portion of the survey population that would change their vacation destination if wind farms were placed within visual range of the beach. The rental discounts required to attract the segment of the survey population most amenable to viewing wind farms still indicate that rental value losses of up to ten percent are possible if a utility-scale wind farm is placed within 8 miles of shore.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 66
Date: 2017-08-01
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Related works:
Journal Article: The amenity costs of offshore wind farms: Evidence from a choice experiment (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nccewp:264972

DOI: 10.22004/ag.econ.264972

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