Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Customer agreements	$	368,641	$	289,678	$	1,030,859	$	789,256
Incentives	37,220		26,850		85,794		75,895
Customer agreements and incentives	405,861		316,528		1,116,653		865,151
Solar energy systems	47,189		135,476		167,535		566,861
Product sales	84,123		111,177		235,039		311,211
Solar energy systems and product sales	131,312		246,653		402,574		878,072
Total revenue	$	537,173	$	563,181	$	1,519,227	$	1,743,223

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):

	Nine Months Ended September 30,
	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	$	533,863	$	643,787
Restricted cash, current and long-term	476,754		308,158
Total	$	1,010,617	$	951,945

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):

	Nine Months Ended September 30,
	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	$	533,863	$	643,787
Restricted cash, current and long-term	476,754		308,158
Total	$	1,010,617	$	951,945

Schedule of Accounts Receivable, Net

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

	September 30, 2024		December 31, 2023
Customer receivables	$	190,548	$	186,537
Other receivables	8,989		4,506
Allowance for credit losses	(17,024)		(19,042)
Total	$	182,513	$	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):

	September 30, 2024		December 31, 2023
Under Customer Agreements:
Payments received, net	$	927,422	$	873,137
Financing component balance	77,829		72,289
	1,005,251		945,426
Under SREC contracts:
Payments received, net	272,417		237,800
Financing component balance	15,248		12,835
	287,665		250,635
Total	$	1,292,916	$	1,196,061