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Inventories
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of the following (in thousands):
December 31,
20242023
Raw materials
$357,870 $413,410 
Work-in-process
44,213 46,336 
Total
$402,083 $459,746 
The Internal Revenue Service (“IRS”) provided taxpayers a safe harbor opportunity for solar facilities that began construction prior to January 1, 2025 and are placed in service on or after January 1, 2025 to elect the application of the Commercial ITC under Section 48(a) of the Code. The Company has sought to avail itself of the safe harbor in order to retain the ability to elect the application of the Commercial ITC under Section 48(a) of the Code by incurring certain costs and taking title to equipment in 2024. As of December 31, 2024, there was $349.5 million related to the safe harbor program within raw materials.