U.S. residential solar market grew 11% year-over-year in the first quarter of 2018

OhmHome Analytics' latest quarterly report shows that in the first quarter of 2018, the U.
S.
residential solar market grew 11% year-over-year, the first year-over-year increase
since the fourth quarter of 2016.

U.
S.
residential solar market grew 11% year-over-year in the first quarter of 2018

The data also appear to show large differences from state to state, reflecting ongoing state policy turmoil
.
It's not all bad news
, however.
Nevada's residential solar growth rate of 784 percent was the first time net metering was eliminated, with major solar companies abandoning the market, before market development returned to normal in mid-2017, leading to a spike in statistics
.

The two largest solar markets in the United States, California and Massachusetts, grew 14% and 9%
year-over-year, respectively, in the first quarter.
California accounted for nearly 50%
of the nation's deployed capacity in the first quarter.
The report shows that California's energy storage rebates have helped drive the market, which further demonstrates the strong interest
in energy storage among residential solar customers.

Q1 2018 vs Q1 2017 Residential solar deployment by U.
S.
state

After 2017, the growth of the residential solar market will be welcomed
by the market.
The residential solar market is likely to continue to grow
even as interest rates rise as the number of residential solar asset securitizations increases and customers receive 20-year term loans that immediately improve their monthly net cash position.

OhmHome said its estimates come from information from the U.
S.
Department of Energy's Energy Information Administration as well as its proprietary database of solar projects
.

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