Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of reconciliation of cash, cash equivalents, and restricted cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reflected on the unaudited condensed consolidated balance sheets to the total amounts shown in the unaudited condensed consolidated statements of cash flows for the end of the periods:

	As of
(Amounts in thousands)	June 30, 2023		June 30, 2022
Cash and cash equivalents	$	162,749	$	322,371
Restricted cash	29,361		150
Total cash, cash equivalents and restricted cash	$	192,110	$	322,521

Changes in financing receivables for accounting standards update

The following table presents the changes in the allowance for credit losses recorded against accounts receivable, net on the unaudited condensed consolidated balance sheets:

	As of
(Amounts in thousands)	June 30, 2023		December 31, 2022
Balance at beginning of period	$	12,164	$	12,164
Impact of ASC 326 adoption	(1,285)		—
Write-off of uncollectible accounts	(661)
Provision for current expected credit losses	1,104		—
Balance at end of period	$	11,322	$	12,164

Property and equipment, schedule of useful lives

Depreciation is calculated using the straight-line method, based upon the following estimated useful lives:

Equipment	5 years
Furniture and fixtures	3 years
Computer and related equipment	2 years
Software	2 years
Vehicles	5 years
Leasehold improvements	Lesser of useful life of the asset or remaining life of the lease

Property and equipment consisted of the following at June 30, 2023 and December 31, 2022:

	As of
(Amounts in thousands)	June 30, 2023		December 31, 2022
Solar energy systems	$	493,278	$	401,754
Less: Accumulated depreciation	(17,957)		(5,928)
Solar energy systems, net	$	475,321	$	395,826
Equipment	$	19	$	48
Furniture and fixtures	260		294
Computers and related equipment	185		222
Software	8		6
Leasehold improvements	60		65
Gross other property and equipment	532		635
Less: Accumulated depreciation	(165)		(293)
Other property and equipment, net	$	367	$	342
Property and equipment, net	$	475,688	$	396,168

Schedule of accrued warranty liability

The following is a rollforward of the Company’s accrued warranty liability:

	Three Months Ended				Six Months Ended
(Amounts in thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Balance at the beginning of the period	$	627	$	2,403	$	1,125	$	2,547
Accrual for warranties issued	—		7		—		35
Transfer of inventory to servicers	—		—		(498)		—
Accrual related to World Energy	(25)		—		(25)		—
Warranty fulfillment charges	—		(84)		—		(256)
Balance at the end of the period	$	602	$	2,326	$	602	$	2,326

Disaggregation of revenue

The following table presents the detail of the Company’s revenues as reflected within the unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2023:

	Three Months Ended		Six Months Ended
(Amounts in thousands)	June 30, 2023
PPA revenues	$	12,234	$	19,361
SLA revenues	7,025		14,947
Solar renewable energy credit revenues	1,662		3,196
Government incentives	72		96
Servicing revenues	112		225
Intangibles amortization, unfavorable solar renewable energy agreements	976		1,419
Other revenue	732		1,664
Total	$	22,813	$	40,908

Impact of adoption of ASU 2016-13

The following table presents the impact of the adoption of ASU 2016-13 on the unaudited condensed consolidated balance sheets as of January 1, 2023:

(Amounts in thousands)	Accounts Receivable, Net
Balance at beginning of period (pre-ASC 326 adoption)	$	8,336
Impact of ASC 326 adoption	1,285
Balance at beginning of period (post-ASC 326 adoption)	$	9,621