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• This work studies the effects of reconciliation on probabilistic forecasts. • A parametric approach is used to generate probabilistic forecasts. • Reconciliation significantly improves the quality of probabilistic forecasts. • Day-ahead and hour-ahead forecasts are reconciled in a geographical hierarchy. Hierarchical forecasting and reconciliation are new to the field of solar engineering. Previous papers in this series, namely, Yang et al. (2017a, 2017b), and Yagli et al. (2019b), discussed various reconciliation techniques for deterministic solar forecasts obtained across spatio-temporal hierarchies. This paper extends the discussion into probability space, and studies how reconciliation can affect the performance of probabilistic forecasting. More specifically, qualities of the parametric predictive distributions before and after reconciliation are compared. Four minimum-trace-based reconciliation techniques are used to reconcile day-ahead and hour-ahead forecasts generated using two datasets: (1) distributed solar power generation for 318 simulated PV systems in California, and (2) satellite-derived irradiance over Arizona. The empirical result shows that reconciliation not only improves the accuracy of point forecasts, but also leads to high-quality predictive distributions in terms of sharpness, calibration, and skill score. Moreover, such improvement is quite general, and does not seem to depend on data, hierarchy structure, nor the underlying forecasting model. [ABSTRACT FROM AUTHOR]