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Property-Value Impacts Near Utility-Scale Solar Installations from The University of Texas at Austin

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Study

This study investigates where large solar installations are located, the housing and income characteristics of the surrounding areas, and if the installations affect nearby residential property values. We approach these questions using geospatial analysis and a survey of residential property assessors. The results show that while a majority of survey respondents estimated a value impact of zero, some estimated a negative impact associated with close distances between the home and the facility and larger facility size. Regardless of these perceptions, geospatial analysis shows that relatively few homes are likely to be impacted. Though only one component of a larger analysis, these property value impacts are likely to be of growing interest as more solar facilities are built.  This exploration of impacts will help inform solar developers, public officials, home assessors, and homeowners about the effects and implications of solar energy infrastructure.

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