Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of Revenue from External Customers

Revenue from external customers (including, but not limited to homeowners) for each group of similar products and services is as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Customer agreements	$	304,134	$	225,088
Incentives	18,833		21,386
Customer agreements and incentives	322,967		246,474
Solar energy systems	65,065		228,902
Product sales	70,156		114,473
Solar energy systems and product sales	135,221		343,375
Total revenue	$	458,188	$	589,849

Schedule of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. Cash and restricted cash consists of the following (in thousands):

	Three Months Ended March 31,
	2024		2023
Beginning of period:
Cash	$	678,821	$	740,508
Restricted cash, current and long-term	309,017		212,515
Total	$	987,838	$	953,023
End of period:
Cash	$	487,280	$	628,536
Restricted cash, current and long-term	295,899		214,690
Total	$	783,179	$	843,226

Schedule of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. Cash and restricted cash consists of the following (in thousands):

	Three Months Ended March 31,
	2024		2023
Beginning of period:
Cash	$	678,821	$	740,508
Restricted cash, current and long-term	309,017		212,515
Total	$	987,838	$	953,023
End of period:
Cash	$	487,280	$	628,536
Restricted cash, current and long-term	295,899		214,690
Total	$	783,179	$	843,226

Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

	March 31, 2024		December 31, 2023
Customer receivables	$	180,117	$	186,537
Other receivables	5,559		4,506
Allowance for credit losses	(16,015)		(19,042)
Total	$	169,661	$	172,001

Schedule of Deferred Revenue

The opening balance of deferred revenue was $1.1 billion as of December 31, 2022. Deferred revenue consists of the following (in thousands):

	March 31, 2024		December 31, 2023
Under Customer Agreements:
Payments received, net	$	880,755	$	873,137
Financing component balance	74,121		72,289
	954,876		945,426
Under SREC contracts:
Payments received, net	260,352		237,800
Financing component balance	14,836		12,835
	275,188		250,635
Total	$	1,230,064	$	1,196,061