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Solar Energy Systems, net
12 Months Ended
Dec. 31, 2022
Solar Energy Systems Disclosure [Abstract]  
Solar Energy Systems, net Solar Energy Systems, net
Solar energy systems, net consists of the following (in thousands):
December 31,
20222021
Solar energy system equipment costs
$10,529,852 $9,018,788 
Inverters and batteries1,384,776 1,127,014 
Total solar energy systems
11,914,628 10,145,802 
Less: accumulated depreciation and amortization(1,682,296)(1,267,932)
Add: construction-in-progress756,029 581,826 
Total solar energy systems, net
$10,988,361 $9,459,696 
All solar energy systems, including construction-in-progress, have been leased to or are subject to signed Customer Agreements with customers. The Company recorded depreciation expense related to solar energy systems of $426.7 million, $368.0 million and $225.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. The depreciation expense was reduced by the amortization of deferred grants of $8.3 million, $8.3 million and $8.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.