XML 34 R12.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment consisted of the following as of December 31, 2023 and 2022:
As of December 31,
(Amounts in thousands)20232022
Solar energy systems$513,526 $401,754 
Less: Accumulated depreciation(29,594)(5,928)
Solar energy systems, net$483,932 $395,826 
Equipment$157 $48 
Furniture and fixtures461 294 
Computers and related equipment218 222 
Software8 6 
Leasehold improvements59 65 
Gross other property and equipment903 635 
Less: Accumulated depreciation(429)(293)
Other property and equipment, net$474 $342 
Property and equipment, net$484,406 $396,168 
Depreciation expense related to solar energy systems is included within cost of revenues in the consolidated statements of operations, and for the years ended December 31, 2023 and 2022 was $23.8 million and $6.5 million, respectively. Depreciation expense related to other property and equipment is included within selling, general and administrative expenses in the consolidated statements of operations, and for the years ended December 31, 2023 and 2022 was $0.4 million and $0.8 million, respectively.