Noncancelable Operating Lease Payments Receivable

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Noncancelable Operating Lease Payments Receivable

5. Noncancelable Operating Lease Payments Receivable

As of December 31, 2015, future minimum lease payments to be received from customers under noncancelable operating leases for each of the next five years and thereafter were as follows (in thousands):

2016		89,801
2017		90,352
2018		91,888
2019		93,457
2020		95,079
Thereafter		1,347,298
Total	$	1,807,875

The Company enters into power purchase agreements with its customers that are accounted for, in substance, as leases. These customers are charged solely based on actual power produced by the installed solar energy system at a predefined rate per kilowatt-hour of power produced. The future payments from such arrangements were not included in the table above as they are a function of the power generated by the related solar energy systems in the future.

Included in revenue for the years ended December 31, 2015, 2014 and 2013 was $124.7 million, $79.5 million and $42.0 million, respectively, that were accounted for as contingent rentals. The contingent rentals comprised of customer payments under power purchase agreements and performance-based incentives received or receivable by the Company from various utility companies.