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Impact of Utility-Scale Solar Farms on Property Values in North Carolina
Abstract
The aim of this paper is to investigate impacts of utility-scale solar farms on surrounding
property values. Using data from CoreLogic, the Energy Information Administration
(EIA), and the US Census Bureau, this study identifies a 12% statistically significant
increase in sale values associated with high-income residential homes within three
miles of a solar farm. However, low-income homes built near solar farms are associated
with a -1.4% decrease in sale values.
As North Carolina continues to expand solar energy, specifically through photovoltaic
utilities, understanding the impact of solar development on surrounding communities
should be a priority and policies should aim to prevent property devaluations in low-income
neighborhoods caused by solar farms.
Type
Honors thesisDepartment
EconomicsPermalink
https://hdl.handle.net/10161/25560Citation
(2022). Impact of Utility-Scale Solar Farms on Property Values in North Carolina. Honors thesis, Duke University. Retrieved from https://hdl.handle.net/10161/25560.Collections
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