Orange County NC Website
115 <br /> 5 <br /> II. Market Analysis of the Impact on Value from Solar Farms <br /> I have researched a number of solar farms in North Carolina to determine the impact of these facilities on <br /> the value of adjoining property. I have provided a breakdown of the adjoining uses to show what adjoining <br /> uses are typical for solar farms and what uses would likely be considered consistent with a solar farm use. <br /> This breakdown is included in the Harmony of Use section of this report. <br /> I also conducted a series of matched pair analyses. A matched pair analysis considers two similar <br /> properties with only one difference of note to determine whether or not that difference has any impact on <br /> value. Within the appraisal profession, matched pair analysis is a well-recognized method of measuring <br /> impact on value. In this case, I have considered residential properties adjoining a solar farm versus similar <br /> residential properties that do not adjoin a solar farm. I have also considered matched pairs of vacant <br /> residential and agricultural land. <br /> As outlined in the discussion of each matched pair, I concluded from the data and my analysis that there <br /> has been no impact on sale price for residential, agricultural, or vacant residential land that adjoins the <br /> existing solar farms included in my study. <br />