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February 2018 Newsletter
Before we get to our Property Values newsletter, we have an important request.
Have you submitted a letter to the DPS website?

Please consider taking a few minutes to submit one by commenting directly on the DPS website or by regular mail. Let’s continue our strong local message that most people who live in this area or who have a local connection are still opposed to the Lighthouse Wind Project.

Letter Writing and Comment Instructions
Your comments can be mailed to:
Attention: Case Number 14-F-0485
Hon. Kathleen H. Burgess
Secretary to the Commission
NYS Public Service Commission
Three Empire State Plaza
Agency Building 3
Albany, NY 12223-1350


To submit via the DPS website online:
http://documents.dps.ny.gov

And type the following number in the “Search by Case Number”: 14-F-0485







THE IMPACT OF INDUSTRIAL WIND TURBINES ON PROPERTY VALUES
One need only search the available literature using key words of “property values” and “industrial wind farms’” to find dozens of studies commissioned by towns and realty organizations indicating that property values are negatively impacted by proximity to industrial wind installations. Issues of visual blight, noise, and infrasound effects are most often cited in these studies.

Conversely, studies commissioned by the American Wind Energy Association and the U.S. Department of Energy, showing little or no impact on property values associated with an industrial wind installation, are often cited by developers to persuade communities that there would be little or no impact on property values as a result of industrialization of their towns. It is, however, worth noting that these studies have a bias toward wind development.

Several of the studies showing negative impact are outlined below, with links to the internet URL for each study:
Kurt Kielisch, Senior Appraiser of Appraisal Group One, found fewer sales within industrial wind turbine areas, home sale prices of 24 to 39 percent lower, vacant land sales 19 to 40 percent lower. The farther from the wind turbine installation, the lower the impact on value. http://k.b5z.net/i/u/6016107/f/Wind_Power___Property_Value_Presentation_by_Kurt_C._Kielisch__Feb__11_.pdf

A study commissioned by the Town of Henderson, N.Y., in 2016, to determine the impact of the proposed Apex Galloo Island project, found that property values would likely be reduced by 15 percent, costing the town $40 million in residential valuation. https://www.scribd.com/doc/307007559/Clarkson-Nanos-Galloo-Island-Wind-Farm-Study

Sunak & Madlener (2012) suggest a reduction in value of nine to 14 percent for homes in which wind turbines are visible. http://www.sciencedirect.com/science/article/pii/S014098831600044X?via%3Dihub

Gibbons (2015) suggests property values are reduced by 12 percent at 2 kilometers (1.2 miles) from an industrial wind installation. http://eprints.lse.ac.uk/62880/1/__lse.ac.uk_storage_LIBRARY_Secondary_libfile_shared_repository_Content_Gibbons%2C%20S_Gone%20with%20wind_Gibbons_Gone%20with%20wind_2015.pdf

Lansink (2013) provides a case study from Ontario, Canada, in which property value losses of 23 to 58 percent were reported, largely dependent on distance and audible or infrasound impact. http://www.lansinkappraisals.com/downloads/CaseStudy_DiminutionInValue_InjuriousAffection_WindTurbines.pdf

Michael S. McCann, CRA, McCann Appraisal, LLC, in testimony before the Adams County (Illinois) Board stated, “A wind "farm creates an easement in gross over neighboring, non-participating property that impairs value. Thus, it is tantamount to an ‘inverse condemnation.’ or regulatory taking of private property rights ... an uncompensated taking.” http://www.windaction.org/posts/26696-testimony-of-michael-mccann-on-property-value-impacts-in-adams-county-il#.Wf8n2ltSzZ4

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