Utility-Scale Solar Farms and Agricultural Land Values
Nino Abashidze, Laura O. Taylor
Abstract
Property value models are used to examine how utility-scale, ground-mount solar farms affect nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm construction may indirectly affect agricultural land values by signaling the land’s suitability for future solar development. Specifically, results indicate that proximity of agricultural land to electric transmission lines may be positively valued after a solar farm is constructed nearby.
Topics & Concepts
Agricultural landSpillover effectAgricultureLand ValuesScale (ratio)Land useEnvironmental scienceTransmission (telecommunications)Agricultural economicsBusinessGeographyEconomicsComputer scienceEngineeringCartographyCivil engineeringTelecommunicationsMicroeconomicsArchaeologyPhotovoltaic Systems and SustainabilityEnergy and Environment ImpactsSocial Acceptance of Renewable Energy