Utility-Scale Solar Farms and Agricultural Land Values

Property value models are used to examine how utility-scale, ground- mount solar farms affect nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm...

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Bibliographic Details
Published inLand economics Vol. 99; no. 3; pp. 327 - 342
Main Authors Abashidze, Nino, Taylor, Laura O
Format Journal Article
LanguageEnglish
Published Madison University of Wisconsin Press 01.08.2023
Subjects
Agricultural land
Land appraisals
Land economics
Property values
Proximity
Real estate
Solar energy
Solar farms
Solar power generation
Suitability
Transmission lines
Values
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Summary:Property value models are used to examine how utility-scale, ground- mount solar farms affect nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm construction may indirectly affect agricultural land values by signaling the land's suitability for future solar development. Specifically, results indicate that proximity of agricultural land to electric transmission lines may be positively valued after a solar farm is constructed nearby.
ISSN:0023-7639
1543-8325
DOI:10.3368/le.99.3.102920-0165R