eprintid: 4190
rev_number: 6
eprint_status: archive
userid: 1
dir: disk0/00/00/41/90
datestamp: 2023-06-15 14:02:12
lastmod: 2023-06-15 14:02:12
status_changed: 2023-06-15 14:02:12
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Timmer, Jeroen
creators_id: S3412261
creators_email: j.m.timmer.1@student.rug.nl
title: The influence of solar farms on residential property values
ispublished: unpub
full_text_status: public
abstract: The number of solar farms in the Netherlands grows exponentially, however, they possibly also cause
negative externalities for local residents. This paper examines the effect of solar farms on residential
property values. I disentangle the effect by investigating the anticipation effect between permit and
opening and the effect after opening by using a difference-in-difference hedonic model. I use
residential property transaction data from 2015 to 2022 from the Netherlands. My results indicate that
residential properties located within 1 kilometer from a solar farm, decrease in value with 2.85% after
the opening of the solar farm. I find a smaller decrease in the anticipation period between the license
and opening date, however this effect is not significant. Furthermore, I find that the negative effect is
stronger in urban regions and with properties constructed after 2000. In conclusion, my findings
indicate that building solar farms in the proximity of residential properties results in a significant loss
in residential property values.
date: 2023
pages: 38
thesis_type: master
degree_programme: VG
tutors_name: Liu, X.
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: Xiaolong.Liu@rug.nl
security: public
keywords_local: solar farms
keywords_local: residential property prices
keywords_local: residential real estate
keywords_local: infrastructure
keywords_local: energy
language_iso: en
date_issued: 2023-06-15
citation:   Timmer, Jeroen  (2023) The influence of solar farms on residential property values.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4190/1/Thesis_RealEstateStudies_JeroenTimmer.pdf