Recent research supports the conclusion that solar panels do not decrease property values. Furthermore, there is no discernible impact on property values regardless of whether solar farms are located near residential, agricultural, or industrial properties.¹
Studies have also found that substantial benefits are flowing to communities where solar farms are located. A report by the University of North Carolina examined the economic impact of more than 100 solar projects in over 50 countries and found that solar facilities have increased the tax revenue from agricultural property by between 1,000% and 10,000%.²
¹CohnReznick, LLP, “Property Value Impact Study: Proposed Newark Road Solar Energy Use,” May 2018, http://www.co.kendall.il.us/wp-content/uploads/Attachment-29-Property-Value-Study.pdf; Kirkland Appraisals, LLC, “Flatwood Solar Impact Study,” April 2018, http://www.chathamnc.org/home/showdocument?id=39355.
²Alsey Davidson et al., “Analyzing the Impact of Utility-scale Solar Installations on Local Government Revenue in Counties Across North Carolina,” University of North Carolina at Chapel Hill, UNC Institute for the Environment, December 2015, https://ie.unc.edu/files/2015/12/capstone_ENEC698Fall15FinalPaper.pdf.