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DISPOSITIONS
 9 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
DISPOSITIONS
16. DISPOSITIONS

On November 25, 2024, CEV completed the sale of its residential solar asset portfolio to a third party, which primarily includes residential solar energy projects and host customer contracts, included in The Sunlight Advantage® program, for a purchase price of $132.5M. The transaction also included a post-closing working capital adjustment and is subject to a transition services agreement.

CEV currently has certain residential solar energy projects that are under contract and in various stages of development that will transfer to the buyer once the assets become operational. The value of these unsold projects is considered immaterial to the Company’s Unaudited Condensed Consolidated Financial Statements. The transfer of these projects commenced in January 2025 and is expected to continue throughout fiscal 2025. As of June 30, 2025, CEV received approximately $4.4M related to the transfer of these assets.

During the three and nine months ended June 30, 2025, the Company recognized a pre-tax gain on sale of assets of approximately $0.5M and $56.1M, respectively, on the Unaudited Condensed Consolidated Statements of Operations.

Also, in connection with the sale, CEV entered into an agreement with the buyer to leaseback certain residential solar energy projects that have not yet passed the fifth anniversary of their placed-in-service dates. The assets are subject to leaseback until the fifth anniversary of the applicable placed-in-service date of the project. The impact of these transactions is considered immaterial to the Company’s Unaudited Condensed Consolidated Financial Statements.