Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.21.2
Income Taxes
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes    The income tax (expense) benefit rate for the three months ended September 30, 2021 and 2020 was (4.3)% and 24.5%, respectively, and for the nine months ended September 30, 2021 and 2020 was 2.8% and 8.5%, respectively. The differences between the actual consolidated effective income tax rate and the U.S. federal statutory rate were primarily attributable to the allocation of losses to noncontrolling interests and redeemable noncontrolling interests, changes in valuation allowance and stock-based compensation deductions.The Company sells solar energy systems to investment Funds. As the investment Funds are consolidated by the Company, the gain on the sale of the assets has been eliminated in the consolidated financial statements, however gains on sale are recognized for tax purposes.