Indiana Renewables and the Residential Real Estate Market

Session Description:

This webinar presents the findings of two technical reports that analyzed the impact of large wind projects and utility-scale solar projects on nearby residential property values in Indiana. This analysis used data on the Indiana locations of utility-scale wind or solar projects and homes sold before and after these projects became operational to estimate the impact of these projects on the sale price of homes.  The results of the hedonic regression models and event studies estimated in these reports reveal no statistically significant aggregate negative effects of large wind or solar projects on home prices in Indiana.

Speakers:

Paul Niekamp is an Assistant Professor of Economics at Ball State University. He earned his Ph.D. in Economics from Vanderbilt University, where his doctoral research evaluated applied microeconomic topics focused on rural America. His broader research interests lie at the intersection of health economics, applied microeconomics, and public policy evaluation, with recent publications examining the impacts of local economic, education, and public policy shifts on community outcomes.

Dagney Faulk, PhD is director of research in the Center for Business and Economic Research (CBER) at Ball State University in Muncie, Indiana. Her research focuses on state and local tax policy and regional economic development issues and has been published in Public Finance Review, the National Tax Journal, the Review of Regional Studies, State and Local Government Review and State Tax Notes. She has worked on numerous Indiana-focused policy studies on a variety topics including the regional distribution of state government taxes and expenditures, senior migration, and local government reform. She is coauthor (with Michael J. Hicks) of the book Local Government Consolidation in the United States (Cambria Press).

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