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Third-party Leasing Arrangement and Concentrations | 3 Months Ended
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Mar. 31, 2024
Third-party Leasing Arrangement and Concentrations |
Third-party Leasing Arrangement and Concentrations | 14. Third-party Leasing Arrangement and Concentrations Third-party Leasing Arrangement The Company sells solar energy and battery storage systems to residential and commercial customers in the U.S. and these customers may pay for these sales in cash or by financing with the Company. Cash sales include direct payments from the customer (including financing obtained directly by the customer), third-party financing arranged by the Company for the customer, and leasing arranged by the Company for the customer through Sunrun. Concentration Risks Major Customers For the three months ended March 31, 2024 and 2023, there were no customers that accounted for 10% or more of the Company’s revenues. Major Suppliers During the three months ended March 31, 2024, one supplier in the U.S. segment accounted for purchases of $2,066,948, or 16%, of purchases, and during the three months ended March 31, 2023, a different supplier in the U.S. segment accounted for purchases of $1,555,338, or 13%, of purchases. No other supplier accounted for 10% or more of the Company’s purchases in either period.

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