Annual report pursuant to Section 13 and 15(d)

Solar Energy Systems, net (Tables)

v3.19.3.a.u2
Solar Energy Systems, net (Tables)
12 Months Ended
Dec. 31, 2019
Solar Energy Systems Disclosure [Abstract]  
Schedule of solar energy systems, net
Property and equipment is depreciated on a straight-line basis over the following periods:
Leasehold improvements
 
Lesser of 6 years or lease term
Furniture
 
5 years
Computer hardware and software
 
3 years
Machinery and equipment
 
5 years or lease term
Automobiles
 
Lease term

Solar energy systems, net consists of the following (in thousands):
 
 
December 31,
 
 
2019
 
2018
Solar energy system equipment costs
 
$
4,510,677

 
$
3,823,853

Inverters
 
471,471

 
396,054

Total solar energy systems
 
4,982,148

 
4,219,907

Less: accumulated depreciation and amortization
 
(692,218
)
 
(535,891
)
Add: construction-in-progress
 
202,685

 
136,001

Total solar energy systems, net
 
$
4,492,615

 
$
3,820,017


Property and equipment, net consists of the following (in thousands):
 
 
December 31,
 
 
2019
 
2018
Machinery and equipment
 
$
7,907

 
$
6,888

Leasehold improvements, furniture, and computer hardware
 
34,951

 
14,755

Vehicles
 
65,663

 
55,093

Computer software
 
35,329

 
32,768

Total property and equipment
 
143,850

 
109,504

Less: Accumulated depreciation and amortization
 
(87,142
)
 
(74,611
)
Total property and equipment, net
 
$
56,708

 
$
34,893