Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net (Tables)

v3.22.4
Property and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2022
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,
2022 2021
Solar energy system equipment costs
$ 10,529,852  $ 9,018,788 
Inverters and batteries 1,384,776  1,127,014 
Total solar energy systems
11,914,628  10,145,802 
Less: accumulated depreciation and amortization (1,682,296) (1,267,932)
Add: construction-in-progress 756,029  581,826 
Total solar energy systems, net
$ 10,988,361  $ 9,459,696 
Property and equipment, net consists of the following (in thousands):
December 31,
2022 2021
Machinery and equipment
$ 11,742  $ 10,339 
Leasehold improvements, furniture, and computer hardware
44,547  41,209 
Vehicles
94,821  76,487 
Computer software 53,314  43,552 
Total property and equipment
204,424  171,587 
Less: Accumulated depreciation and amortization
(136,985) (114,701)
Total property and equipment, net $ 67,439  $ 56,886