| Publication |
2013.
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| Summary/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.
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