Orange County NC Website
W.* <br />11. Market Analwis of the Impact on Value from Solar Farm <br />5 <br />I have researched a numiier of solar farims in North Carolina to determine the impact of these facilities on <br />the value of adjoining property. I have provided a breakdown of the sdjoixting uses to show what acUoining <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. 1 have also considered matched pates 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 />eadsting solar harms included in my study.. <br />