- United States
- Wash.
- Letter
New research confirms that utility-scale solar farms do not negatively impact nearby property values and may even provide a modest boost. A study from Loyola University examined 70 solar projects across the Midwest and found property values increased 0.5% to 2% after the solar farms became operational. This data counters common concerns about property value declines raised at community meetings for proposed solar developments. The findings are particularly relevant given the Midwest's significant potential for solar deployment on agricultural lands. While aesthetic impacts are possible, property values are influenced by many factors like school quality and local economic conditions. Solar projects drive rural economic development through job creation, tax revenue, and support for schools – factors that can increase residential property values. With utilities planning to develop over 10 gigawatts of solar across the Midwest, local officials and residents should consider this research showing solar is not detrimental to property values and may in fact provide an economic boost to communities. Deploying more solar advances clean energy goals while maintaining property values, creating a win-win for environmental sustainability and housing markets.