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Utility-Scale Solar Farms and Agricultural Land Values

Author

Listed:
  • 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.

Suggested Citation

  • Nino Abashidze & Laura O. Taylor, 2023. "Utility-Scale Solar Farms and Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 99(3), pages 327-342.
    • Handle: RePEc:uwp:landec:v:99:y:2023:i:3:p:327-342
    Note: DOI: https://doi.org/10.3368/le.99.3.102920-0165R
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    More about this item

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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