v3.26.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following as of December 31, 2025 and 2024:
As of December 31,
(Amounts in thousands)20252024
Solar energy systems$642,299 $641,245 
Less: Accumulated depreciation(81,430)(52,817)
Solar energy systems, net$560,869 $588,428 
Furniture and fixtures529 551 
Computers and related equipment306 324 
Leasehold improvements113 30 
Gross other property and equipment948 905 
Less: Accumulated depreciation(429)(319)
Other property and equipment, net$519 $586 
Property and equipment, net$561,388 $589,014 
Depreciation expense related to solar energy systems is included within cost of revenues - solar energy systems depreciation within the consolidated statements of operations, and for the years ended December 31, 2025 and 2024 was $29.1 million and $23.4 million, respectively. Depreciation expense related to other property and equipment is included within selling, general and administrative expenses within the consolidated statements of operations, and for the years ended December 31, 2025 and 2024 was $0.3 million and $0.2 million, respectively.