Discussion paper

DP15023 Wind turbines, solar farms, and house prices

This paper examines the effect of wind turbines - with a particular focus on turbine height - and solar farms on house prices. Using detailed data from the Netherlands between 1985-2019, the results show that tall wind turbines have considerably stronger effects on house prices, as compared to small turbines. For example, a tall turbine (\textgreater150m) decreases house prices within 2km by 5.4%, while a small turbine (


Dröes, M and H Koster (2020), ‘DP15023 Wind turbines, solar farms, and house prices‘, CEPR Discussion Paper No. 15023. CEPR Press, Paris & London. https://cepr.org/publications/dp15023