Recent studies and testimony by real estate appraisers from around the world indicate that properties within two to three miles of wind turbines have seen their values decline from 25 to 60 percent - with the decreased value being "tantamount to an inverse condemnation, or regulatory taking of private property rights."
Library filed under Impact on Economy from Nevada
When the Legislature requires power companies to buy a certain percentage of their power from alternative producers - regardless of cost - they're already out of bounds. In addition to inviting graft and corruption this artificially drives up rates, crippling economic recovery, while sending false signals that alternatives to fossil fuels are a good investment.
This economy, proponents say, promises to rebuild communities abandoned by bankrupt manufacturers, restore jobs lost by the busted housing market and reinstate America as a global leader. Not so fast. Although Senate Majority Leader Harry Reid says renewable energy has the potential to create "tens of thousands of jobs" in Nevada and more than a million nationwide, little research has been done on actual job creation in such an unchartered area.