Solar Energy Systems, net |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 $108.3 million and $93.6 million for the three months ended September 30, 2022 and 2021, respectively, and $313.8 million and $271.1 million for the nine months ended September 30, 2022 and 2021, respectively. The depreciation expense was reduced by the amortization of deferred grants of $2.1 million and $2.1 million for three months ended September 30, 2022 and 2021, respectively, and $6.2 million and $6.2 million for nine months ended September 30, 2022 and 2021, respectively.
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