Weekly Observations

  • This Week. Permits were roughly flat for the second week in a row following the big step up in early March. The east and west coasts both had strong weeks while Texas and Colorado were slower (more weather delays).
  • March. For March, permits are tracking up 5% compared to February and up 17% compared to year ago levels.
  • Q1’21. This quarter, permits are tracking 10% better than a year ago and down 20% compared to Q4’20 (characteristic of seasonal permit trends). Going forward, March / April / May are typically very strong permit & installation months. To reach 25-35% installation growth in 2021 (consensus expectations), permit activity needs to grow ~10% per month through June.
  • Next Quarter. Looking forward, using this week’s run rate would imply that Q2’21 increases by 8% sequentially and would be 40% better than year ago levels.

 

 

Join Lium For Free And Get Industry Situation Briefs Like This Sent To Your Inbox… Or Check Out Our Premium Membership Plans Here To Explore The Underlying Data, Predictive Models, In-Depth Reports & More…

About Lium's Solar Stats

The Lium Solar Stats report series synthesizes permit data from major residential solar markets across the U.S. These updates are supported by a much more robust underlying dataset, which includes detailed predictive intelligence on solar installation trends for clients with premium memberships here.

Recent Posts