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Revenue Recognition | 9 Months Ended
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Sep. 30, 2025
Revenue Recognition [Abstract] |
Revenue Recognition | NOTE 3 – REVENUE RECOGNITION Disaggregation of revenue Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that best reflects the consideration we expect to receive in exchange for those goods or services. The following table disaggregates revenue based on type:
| Revenue by Type
| Three Months Ended September 30
| SUNation NY |  | HEC
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024
Residential contracts | $ | 9,919,664 |  | $ | 6,522,508 |  | $ | 5,737,702 |  | $ | 3,612,274
Commercial contracts |  | 2,228,443 |  |  | 3,618,023 |  |  | — |  |  | 322,053
Service revenue |  | 866,844 |  |  | 499,364 |  |  | 240,983 |  |  | 144,164
| $ | 13,014,951 |  | $ | 10,639,895 |  | $ | 5,978,685 |  | $ | 4,078,491
| Revenue by Type
| Nine Months Ended September 30
| SUNation NY |  | HEC
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024
Residential contracts | $ | 25,832,477 |  | $ | 23,138,960 |  | $ | 11,203,996 |  | $ | 10,506,104
Commercial contracts |  | 4,766,323 |  |  | 5,107,418 |  |  | 139,319 |  |  | 308,910
Service revenue |  | 1,781,554 |  |  | 1,878,134 |  |  | 970,859 |  |  | 547,477
| $ | 32,380,354 |  | $ | 30,124,512 |  | $ | 12,314,174 |  | $ | 11,362,491
The following table disaggregates revenue based on the timing of satisfaction of the performance obligations:
| Three Months Ended September 30
| SUNation NY |  | HEC
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024
Performance obligations satisfied at a point in time | $ | 10,786,508 |  | $ | 7,021,872 |  | $ | 5,978,685 |  | $ | 3,756,438
Performance obligations satisfied over time |  | 2,228,443 |  |  | 3,618,023 |  |  | — |  |  | 322,053
| $ | 13,014,951 |  | $ | 10,639,895 |  | $ | 5,978,685 |  | $ | 4,078,491
| Nine Months Ended September 30
| SUNation NY |  | HEC
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024
Performance obligations satisfied at a point in time | $ | 27,614,031 |  | $ | 25,017,094 |  | $ | 12,174,855 |  | $ | 11,053,581
Performance obligations satisfied over time |  | 4,766,323 |  |  | 5,107,418 |  |  | 139,319 |  |  | 308,910
| $ | 32,380,354 |  | $ | 30,124,512 |  | $ | 12,314,174 |  | $ | 11,362,491
Contract Balances Contract assets represent costs and earnings in excess of amounts billed and direct costs, including commissions, financing and permitting fees paid prior to recording revenue. Contract liabilities represent amounts billed to clients in excess of revenue recognized to date and billings in excess of costs and earnings. Contract assets were $797,390, $560,648, and $57,241 at September 30, 2025, December 31, 2024, and January 1, 2024, respectively. Contract liabilities were $6,221,082, $2,314,483, and $2,552,452 at September 30, 2025, December 31, 2024, and January 1, 2024, respectively. During the nine months ended September 30, 2025, $2,138,538 within contract liabilities as of December 31, 2024 has been recognized within revenue.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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