Family, Home, and Social Sciences
First Faculty Advisor
First Faculty Reader
Christian vom Lehn
Wind Turbine, Wind Power, Hedonic, Difference-in-Differences, Illinois, Externalities
As the number of wind farms worldwide increases, more and more homeowners will live near them. Some homeowners have found these wind turbines generate noise, obstruct views, and cast shadows on their property. Using data from 10 years of transactions in McLean County, Illinois, I investigate if a wind farm near a neighborhood impacts housing prices. After estimating a simple difference-in-differences model, I find that wind farms may have had a negative effect on home prices. I then discuss how this paper fits in with existing literature and provide suggestions about how further research could proceed.
BYU ScholarsArchive Citation
Guzman, Nathan, "Wind Turbines and Housing Prices: Valuing the Impact of Wind Farms on Transactions" (2020). Undergraduate Honors Theses. 139.