Distributed Energy Resources (DERs) such as rooftop solar PVs aid to an electrical grid in more implicit ways beyond just supplying of power. During high impact events caused by weather disruptions, when the grid is in a reduced state of operation, having a significant presence of DERs has been found to reduce further impacts to the system. Grid operators who benefit from having DERs in their system save on system recovery costs that can be redirected back to the customers who contributed through DERs. Currently, there is no procedure that allows DER owners to be compensated as such for their ancillary services. In this work, a methodology is introduced to value three types of benefits that are provided by the DERs during a high impact event: mitigation of load interruptions, mitigation of line congestions and mitigation of bus voltage violations. The values are formulated in monetary terms so that can be used to compensate the DER owners. The proposed method is tested on a test system based on Midwest UA where there is high wind energy generation, and rooftop solar PV acts as the predominant type of DER, and the validity of the results are explored. The method is further expanded to include all probable variations of high impact events that could occur and using that to quantify the value of a location acting as a DER host.