Sunrun Inc. Annual report pursuant to Section 13 and 15(d)

Solar Energy Systems, net (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
Solar energy system equipment costs	$	7,839,427	$	4,510,677
Inverters	883,785		471,471
Total solar energy systems	8,723,212		4,982,148
Less: accumulated depreciation and amortization	(914,551)		(692,218)
Add: construction-in-progress	394,127		202,685
Total solar energy systems, net	$	8,202,788	$	4,492,615

Property and equipment, net consists of the following (in thousands):


	December 31,
	2020		2019
Machinery and equipment	$	8,860	$	7,907
Leasehold improvements, furniture, and computer hardware	42,614		34,951
Vehicles	68,245		65,663
Computer software	37,997		35,329
Total property and equipment	157,716		143,850
Less: Accumulated depreciation and amortization	(95,534)		(87,142)
Total property and equipment, net	$	62,182	$	56,708