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NK <br />Property Values <br />Question. How do ground- mounted solar PV arrays adjacent to residential neighborhoods influence the <br />property values in those neighborhoods? <br />Bottom Line. No research was found specific to ground- mounted solar PV and property values <br />Residential property value research on roof - mounted solar PV and wind turbines illustrates no evidence <br />of devaluation of homes in the area. Municipalities that adopt zoning for solar facilities may want to <br />consider encouraging project developers to include screening vegetation along site borders to minimize <br />visual impacts on surrounding neighborhoods <br />More Information- A review of literature nationwide shows little evidence that solar arrays influence <br />nearby property values An analysis focused on roof- mounted solar PV panels done by the U S <br />Department of Energy Lawrence Berkeley National Laboratory concludes that household solar <br />installation actually increases home property values. This research analyzes a large dataset of California <br />homes that sold from 2000 through mid -2009 with PV installed. Across a large number of repeat sales <br />model specifications and robustness tests, the analysis finds strong evidence that California homes with <br />PV systems have sold for a premium over comparable homes without PV systems <br />While neither of these reports focused on ground- mounted solar PV, this information may be relevant <br />to this discussion <br />Resources* <br />The Impact of Wind Power Projects on Residential Property Values in the United States. A Multi -Site <br />Hedonic Analysis http / /eetd Ibl gov /ea /ems /reports /Ibnl -2829e Pdf <br />An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sales Prices in California <br />http• / /eetd Ibl gov /ea /emp /reports /Ibnl -4476e pdf <br />13 <br />