On Wednesday, the Minnesota Public Utilities Commission voted to become the first state in the nation to come up with a methodology for calculating the value of solar power generated by consumers — and not just how much that power is worth to the utility company and its customers, but to society and the environment as a whole.
As solar energy in particular skyrockets in the U.S., placing a dollar value on that power has been challenging and is often ignored, which makes Minnesota’s effort an even bigger step. “Minnesota has really set itself apart by determining a methodology to calculate the true value of solar to the electricity grid — a value that should include the full range of benefits as well as the costs,” said Mari Hernandez, energy research associate at the Center for American Progress. “This decision could influence other states as they evaluate how to move forward with their own solar-related policies.”
Why do we need to find the ‘value of solar?’