…some real estate agents report that they can’t even get prospective purchasers to look at properties situated within several kilometres of a proposed wind project.
Consider your own situation. Would you buy such a property — at the right price or at any price, or would you look elsewhere? In an October, 2011 CBC News poll, two-thirds of respondents said that they would not live near wind turbines.
When there are few potential purchasers, market values become depressed, perhaps severely. The general consensus is that the market value of a home within 2 km of a wind turbine will be depressed by 20% to 40%, depending on how close and how many turbines. In an extreme situation (e.g. 10 turbines within 2 km) a home may not be sellable at any price.
[This link] provides further links to more than 50 articles on property values near wind turbines, including several on the topic of market value guarantees…
However, if you only have time to read one article, it should be this one, published by CBC News on October 1, 2011 and titled Ontario wind power bringing down property values .
The County Coalition for safe and appropriate Green Energy website has an informative post on property valuation
March 22, 2012
It’s business as usual for huge corporate wind power developers in Ontario, in light of recommendations in the two-year review of Ontario’s Feed In Tariff subsidy program, released today by the Ontario government.
Subsidies for industrial-scale wind power projects have been reduced by only 15 per cent–that’s still too expensive and for power that’s not needed, says Wind Concerns Ontario (WCO).
The coalition of community groups had called for a complete cancellation of the FIT subsidy program.
“The extra power that was produced and exported in January and February cost Ontario millions,” says vice-president Parker Gallant, a former banker. “Why do we need FIT when the truth is we’re wasting cheap, clean hydro power and spending millions on new transmission capacity for wind power?”
The renewed FIT program will continue to cause electricity rates to rise, which will be bad for consumers including Ontario businesses.
“In Europe, the countries that used this type of subsidy for renewable power sources saw job losses due to the high cost of power. We’re already seeing Ontario businesses say they may have to close or move away,” Gallant explains.
Gallant also noted that rural communities are being turned into electrical power factories, with falling property values and other negative effects. “People are being made ill because of the environmental noise. This government doesn’t care about the misery it’s causing.”
“FIT is a failure,” he concludes. “It is not the path to a solid financial future for Ontario.”
Contact Wind Concerns Ontario at firstname.lastname@example.org