June 7, 2022
Wind turbines have increased local incomes by around 5% and house values by 2.6% in parts of the US, according to a new study.
The research, published in the journal Energy Policy, found benefits in terms of jobs, taxes and land payments associated with renewable energy.
In the study, the authors used the variation in wind-power growth in counties across the US to assess economic outcomes for comparable areas. They say that their approach allowed them to isolate and prove the causal effect of windfarm construction on economic outcomes.