Abstract
Abstract The environmental benefits from generating electricity using renewable power are well known. Both wind farms and large scale solar installations require significant amounts of land to generate such power. Private land holders gain from leasing and selling land to renewable power generators but how are nearby neighbors and county residents affected? This study uses data from West Texas and documents that wind farm county's residents have gained from recent place based investments in wind farms. County property tax rates have fallen and public school quality has improved in those counties where wind farms have been built. Based on the local fiscal data, local school quality data and local ambient air pollution data, renewable power is a “better neighbor” than conventional fossil fuel fired power plants.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
