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Solar Energy Systems, Net
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Solar Energy Systems, Net

Note 7 – Solar Energy Systems, Net

Our solar energy systems, net, consisted of the following (in millions):

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Solar energy systems in service

 

$

6,785

 

 

$

6,809

 

Initial direct costs related to customer solar energy
   system lease acquisition costs

 

 

104

 

 

 

104

 

 

 

 

6,889

 

 

 

6,913

 

Less: accumulated depreciation and amortization (1)

 

 

(1,418

)

 

 

(1,187

)

 

 

 

5,471

 

 

 

5,726

 

Solar energy systems under construction

 

 

2

 

 

 

18

 

Solar energy systems pending interconnection

 

 

16

 

 

 

21

 

Solar energy systems, net (2)

 

$

5,489

 

 

$

5,765

 

(1)
Depreciation and amortization expense during the years ended December 31, 2022, 2021 and 2020 was $235 million, $236 million and $232 million, respectively.
(2)
As of December 31, 2022 and 2021, there were $802 million and $1.02 billion, respectively, of gross solar energy systems under lease pass-through fund arrangements with accumulated depreciation of $148 million and $165 million, respectively.