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How to: Review Property Value Studies

December 5, 2022 by l

New York State Siting Board does not consider property values when reviewing Article 10 and Section 94-c energy facilities.

Review the following studies for property values.
If appropriate then print and submit to your town.

2022 12 05 (found webpage)
http://www.kansasresponsiblesolar.com website

2021 09 03
Mary McClinton Clay, MAI
218 Main Street
Paris, Kentucky 40361

“The Spotsylvania Solar case examines single family lot sales before and adter the announcement of the 6,350 acre 617-MW solar facility. The adjoining sales sold for -30.00 percent less than those not abutting the solar farm.”

https://apps.legislature.ky.gov/CommitteeDocuments/262/13421/Sep%2015%202021%20Property%20Value%20Mary%20McClinton%20Clay.pdf

2017 06 19
Corcoran Solar Impact Study
Corcoran, Minnesota.
Prepared by Kevin T. Meeks, MAI

Shows no impact in property values.

https://www.co.winona.mn.us/DocumentCenter/View/1710/Solar-Property-Value-Impact-Study-PDF

2016 02 25
Kirkland Appraisals
Richard Kirkland, Jr. MAI
9408 Northfield Court
Raleigh, North Carolina 27603

Read the Kirkland Apprsials, LLC report for Grandy Solar, LLC, a 121.4 acre site o Caratoke Highway in Grandy, NC.
Fixed rack system.
Panels less than 10 feet in height.
Chain link fence.
No battery energy storage.

“Based on the data and anaylis in this report, it is my professional opinion that the solar farm proposed at the subject property will maintain or enhance the value of the adjoining or abutting property and that the proposed use is in harmony with the are in which it is located.”

This study is from 2016 and many solar facilities are now tracking panels that may be 20 feet in height. The tracking motors and gears may make noise every 20 minutes day in and day out. Additionally, many soalr facilities now include battery energy storage. BESS includes HVAC systems, back up generators, and continuous fans exhausting the storage containers. The Kirkland study may not be comparable to the solar facility in your backyard.

https://www.southripleysolar.com/wp-content/uploads/2020/09/Kirkland-Grandy-Solar-Impact-Study.pdf

2011
A study in upstate New York by Clarkson University in 2011 looked at 11,000 property transfers and concluded that

https://www.wind-watch.org/news/2021/02/20/property-values-will-be-impacted-by-wind-farm/

2009
Study by Appraisial Group One in Wisconsin.
Found that property within 600 feet of a turbine the negative impact may be 39-43%.
If a residence was in 1,000 feet from a turbine the negative impact would be 33-36% snd if a residence is within one half mile from a turbine the negative impact would be 24-29%.

Posted in: Solar Tagged: how to, property value, Richard Kirkland
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