Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net (Tables)

v3.20.4
Property and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment depreciation
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