|3 Months Ended|
Mar. 31, 2021
|Inventory Disclosure [Abstract]|
Inventories consist of the following (in thousands):
The Internal Revenue Service (“IRS”) provided taxpayers a safe harbor opportunity to retain access to the pre-step down tax credit amounts through specific rules released in Notice 2018-59. The Company has sought to avail itself of the safe harbor by incurring certain costs and taking title in the year the Company took delivery, for tax purposes, of the underlying inventory and/or by performing physical work on components that will be installed in solar facilities. As of March 31, 2021 and December 31, 2020, there was approximately $85.3 million and $73.0 million, respectively, related to the safe harbor program within raw materials.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef