Solar Energy Systems, net
|3 Months Ended|
Mar. 31, 2021
|Solar Energy Systems Disclosure [Abstract]|
|Solar Energy Systems, net||Solar Energy Systems, net
Solar energy systems, net consists of the following (in thousands):
All solar energy systems, including construction-in-progress, have been leased to or are subject to signed Customer Agreements with customers. The Company recorded depreciation expense related to solar energy systems of $87.4 million and $46.4 million for the three months ended March 31, 2021 and 2020, respectively. The depreciation expense was reduced by the amortization of deferred grants of $2.1 million and $2.0 million for three months ended March 31, 2021 and 2020, respectively.