Estimating the economic value of reliable electricity It was hot when Hurricane Beryl knocked out power for millions of Houston customers in July 2024. People willing to spend $1,000 on a portable generator had trouble finding one on the shelves of local hardware stores. Some residents who already owned one even locked it to their […]
Our electrical grid—already under stress from climate‐amplified storms and the push to renewables—is a critical lifeline. Yet outages are costly, and until now, our best measures of how much U.S. households are truly willing to pay to avoid losing power (their “value of lost load,” or VoLL) came from surveys and macroeconomic models, offering wildly […]
Who breathes cleaner air when Americans put solar panels on their roofs? Using plant-level emissions data, an air-pollution transport model, and census-block demographics, Bobby Harris (Georgia Tech)—the study’s EPIcenter affiliate— and Travis E. Dauwalter (Artera Services) show that today’s rooftop solar fleet delivers $0.77 in environmental benefits per person annually and disproportionately benefits higher-income households. […]