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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Revenue from External Customers

Revenue from external customers (including, but not limited to homeowners) for each group of similar products and services is as follows (in thousands):

												Three Months Ended March 31,
																		2025						2024
Customer agreements																		$	381,360					$	304,134
Incentives																		21,560						18,833
Customer agreements and incentives																		402,920						322,967
Solar energy systems																		40,068						65,065
Product sales																		61,283						70,156
Solar energy systems and product sales																		101,351						135,221
Total revenue																		$	504,271					$	458,188

Schedule of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. Cash and restricted cash consists of the following (in thousands):

						Three Months Ended March 31,
						2025						2024
Beginning of period:
Cash						$	574,956					$	678,821
Restricted cash, current and long-term						372,460						309,017
Total						$	947,416					$	987,838
End of period:
Cash						$	604,874					$	487,280
Restricted cash, current and long-term						374,029						295,899
Total						$	978,903					$	783,179

Schedule of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. Cash and restricted cash consists of the following (in thousands):

						Three Months Ended March 31,
						2025						2024
Beginning of period:
Cash						$	574,956					$	678,821
Restricted cash, current and long-term						372,460						309,017
Total						$	947,416					$	987,838
End of period:
Cash						$	604,874					$	487,280
Restricted cash, current and long-term						374,029						295,899
Total						$	978,903					$	783,179

Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

						March 31, 2025						December 31, 2024
Customer receivables						$	182,270					$	179,152
Other receivables						6,112						6,974
Allowance for credit losses						(16,261)						(15,420)
Total						$	172,121					$	170,706

Schedule of Deferred Revenue

The balance of deferred revenue was $1.2 billion as of December 31, 2023. Deferred revenue consists of the following (in thousands):

						March 31, 2025						December 31, 2024
Under Customer Agreements:
Payments received, net						$	960,783					$	950,225
Financing component balance						81,660						79,731
						1,042,443						1,029,956
Under SREC contracts:
Payments received, net						311,185						291,972
Financing component balance						18,718						16,419
						329,903						308,391
Total						$	1,372,346					$	1,338,347

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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