Current portion of long-term debt

355,791

116,136

Accrued expenses

122,355

139,873

483,497

214,431

Total current liabilities

133,649

71,506

1,095,292

541,946

Long-term debt, net

7,030,756

5,194,755

Other long-term liabilities

1,086,011

712,741

Total liabilities

^[1]

9,212,059

6,449,442

Commitments and contingencies

Redeemable noncontrolling interests

165,872

165,737

Stockholders' equity:

Common stock, 122,466,515 and 114,939,079 shares issued as of December 31, 2023 and 2022, respectively, at $0.0001 par value

12

11

Additional paid-in capital—common stock

1,755,461

1,637,847

Accumulated deficit

(228,583)

(364,782)

Total stockholders' equity

1,526,890

1,273,076

Noncontrolling interests

436,150

448,637

Total equity

1,963,040

1,721,713

Total liabilities, redeemable noncontrolling interests and equity

$ 11,340,971

$ 8,336,892

[1]

The consolidated assets as of December 31, 2023 and 2022 include $5,297,816 and $3,201,271, respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $54,674 and $40,382 as of December 31, 2023 and 2022, respectively; accounts receivable—trade, net of $13,860 and $8,542 as of December 31, 2023 and 2022, respectively; accounts receivable—other of $187,607 and $810 as of December 31, 2023 and 2022, respectively; other current assets of $693,772 and $422,364 as of December 31, 2023 and 2022, respectively; property and equipment, net of $4,273,478 and $2,680,587 as of December 31, 2023 and 2022, respectively; and other assets of $74,425 and $48,586 as of December 31, 2023 and 2022, respectively. The consolidated liabilities as of December 31, 2023 and 2022 include $278,016 and $66,441, respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $197,072 and $9,015 as of December 31, 2023 and 2022, respectively; accrued expenses of $157 and $287 as of December 31, 2023 and 2022, respectively; other current liabilities of $7,269 and $4,420 as of December 31, 2023 and 2022, respectively; and other long-term liabilities of $73,518 and $52,719 as of December 31, 2023 and 2022, respectively.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Other current asset, allowance

$ 4,659

$ 3,250

Customer notes receivable, allowance

$ 111,818

$ 77,998

Common stock, issued (in shares)

122,466,515

114,939,079

Common stock, par value (in USD per share)

$ 0.0001

Assets

^[1]

$ 11,340,971

$ 8,336,892

Cash

212,832

360,257

Accounts receivable—trade, net

40,767

24,435

Accounts receivable—other

253,350

212,397

Other current assets

429,299

351,300

Property and equipment, net

5,638,794

3,784,801

Other assets

895,885

961,891

Liabilities

^[1]

9,212,059

6,449,442

355,791

116,136

Accrued expenses

122,355

139,873

Other long-term liabilities

133,649

71,506

1,086,011

712,741

Primary beneficiary

Assets

5,297,816

3,201,271

Cash

54,674

40,382

Accounts receivable—trade, net

13,860

8,542

Accounts receivable—other

187,607

810

Other current assets

693,772

422,364

Property and equipment, net

4,273,478

2,680,587

Other assets

74,425

48,586

Liabilities

278,016

66,441

197,072

9,015

Accrued expenses

157

287

Other long-term liabilities

7,269

4,420

$ 73,518

$ 52,719

[1]

The consolidated assets as of December 31, 2023 and 2022 include $5,297,816 and $3,201,271, respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $54,674 and $40,382 as of December 31, 2023 and 2022, respectively; accounts receivable—trade, net of $13,860 and $8,542 as of December 31, 2023 and 2022, respectively; accounts receivable—other of $187,607 and $810 as of December 31, 2023 and 2022, respectively; other current assets of $693,772 and $422,364 as of December 31, 2023 and 2022, respectively; property and equipment, net of $4,273,478 and $2,680,587 as of December 31, 2023 and 2022, respectively; and other assets of $74,425 and $48,586 as of December 31, 2023 and 2022, respectively. The consolidated liabilities as of December 31, 2023 and 2022 include $278,016 and $66,441, respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $197,072 and $9,015 as of December 31, 2023 and 2022, respectively; accrued expenses of $157 and $287 as of December 31, 2023 and 2022, respectively; other current liabilities of $7,269 and $4,420 as of December 31, 2023 and 2022, respectively; and other long-term liabilities of $73,518 and $52,719 as of December 31, 2023 and 2022, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 720,653	$ 557,690	$ 241,752
Operating expense:
Cost of revenue—depreciation	130,261	96,280	76,474
Cost of revenue—inventory sales	176,371	178,310	0
Cost of revenue—other	120,865	52,487	21,834
Operations and maintenance	96,997	36,679	19,583
General and administrative	430,422	302,004	204,236
Goodwill impairment	13,150	0	0
Other operating income	(3,978)	(26,566)	(25,485)
Total operating expense, net	964,088	639,194	296,642
Operating loss	(243,435)	(81,504)	(54,890)
Interest expense, net	371,937	107,775	116,248
Interest income	(115,872)	(59,799)	(34,228)
Loss on extinguishment of long-term debt, net	0	0	9,824
Other (income) expense	3,949	(3,090)	516
Loss before income tax	(503,449)	(126,390)	(147,250)
Income tax (benefit) expense	(1,023)	3,886	260
Net loss	(502,426)	(130,276)	(147,510)
Net income (loss) attributable to redeemable noncontrolling interests and noncontrolling interests	(84,465)	31,366	(9,382)
Net loss attributable to stockholders	$ (417,961)	$ (161,642)	$ (138,128)
Net loss per share attributable to stockholders - basic (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Net loss per share attributable to stockholders - diluted (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Weighted average common shares outstanding - basic (in shares)	118,344,728	114,451,034	110,881,630
Weighted average common shares outstanding - diluted (in shares)	118,344,728	114,451,034	110,881,630

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (502,426)	$ (130,276)	$ (147,510)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	153,387	108,167	85,600
Impairment and loss on disposals, net	56,592	8,459	3,655
Amortization of intangible assets	28,432	28,441	21,354
Amortization of deferred financing costs	25,226	13,640	14,050
Amortization of debt discount	19,174	9,342	9,949
Non-cash effect of equity-based compensation plans	25,535	24,218	17,236
Non-cash direct sales revenue	(60,590)	(8,484)	(1,212)
Provision for current expected credit losses and other bad debt expense	46,199	43,018	25,634
Unrealized (gain) loss on derivatives	67,318	(19,451)	(4,874)
Unrealized (gain) loss on fair value instruments and equity securities	188	(29,279)	(21,988)
Loss on extinguishment of long-term debt, net	0	0	9,824
Other non-cash items	7,332	(34,962)	5,695
Changes in components of operating assets and liabilities:
Accounts receivable	101,125	(159,295)	(53,261)
Other current assets	(105,743)	(119,794)	(129,810)
Other assets	(115,488)	(124,981)	(70,758)
Accounts payable	(5,493)	4,486	(6,392)
Accrued expenses	(11,213)	48,385	27,908
Other current liabilities	43,665	11,772	5,963
Other long-term liabilities	(10,782)	(6,832)	(293)
Net cash used in operating activities	(237,562)	(333,426)	(209,230)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(1,832,714)	(868,208)	(554,541)
Payments for investments and customer notes receivable	(909,488)	(1,236,228)	(728,926)
Proceeds from customer notes receivable	180,721	109,760	66,879
Payments for investments in solar receivables	0	0	(32,212)
Proceeds from investments in solar receivables	11,582	12,394	3,231
Other, net	5,238	680	4,353
Net cash used in investing activities	(2,544,661)	(1,981,602)	(1,241,216)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	3,507,828	2,903,727	2,235,939
Payments of long-term debt	(1,406,022)	(758,355)	(947,130)
Payments on notes payable	(7,151)	0	(34,555)
Payments of deferred financing costs	(75,920)	(30,791)	(31,324)
Payments of debt discounts	0	0	(2,324)
Purchase of capped call transactions	0	(48,420)	(91,655)
Proceeds from issuance of common stock, net	81,316		10,513
Proceeds from issuance of common stock, net		(3,190)
Contributions from redeemable noncontrolling interests and noncontrolling interests	692,894	449,398	350,121
Distributions to redeemable noncontrolling interests and noncontrolling interests	(48,986)	(29,771)	(15,854)
Payments of costs related to redeemable noncontrolling interests and noncontrolling interests	(11,881)	(13,091)	(8,805)
Proceeds from sales of investment tax credits for redeemable noncontrolling interests and noncontrolling interests	5,971	0	0
Other, net	(6,998)	(802)	(476)
Net cash provided by financing activities	2,731,051	2,468,705	1,464,450
Net increase (decrease) in cash, cash equivalents and restricted cash	(51,172)	153,677	14,004
Cash, cash equivalents and restricted cash at beginning of period	545,574	391,897	377,893
Cash, cash equivalents and restricted cash at end of period	494,402	545,574	391,897
Restricted cash included in other current assets	(62,188)	(51,733)	(80,213)
Restricted cash included in other assets	(219,382)	(133,584)	(68,583)
Cash and cash equivalents at end of period	212,832	360,257	243,101
Non-cash investing and financing activities:
Change in accounts payable and accrued expenses related to purchases of property and equipment	69,981	32,008	(1,979)
Change in accounts payable and accrued expenses related to payments for investments and customer notes receivable	(24,025)	31,908	26,464
Note payable for financing the purchase of inventory	0	0	32,301
Distributions payable to redeemable noncontrolling interests and noncontrolling interests	187,940	2,959	3,215
Non-cash conversion of convertible senior notes for common stock	0	0	95,648
Non-cash issuance of common stock for investments in solar receivables	0	0	44,353
Non-cash issuance of common stock for business acquisition	0	0	128,224
Supplemental cash flow information:
Cash paid for interest	283,985	142,870	88,256
Cash paid for income taxes	$ 14,726	$ 2,000	$ 190

CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY - USD ($) $ in Thousands	Total	Cumulative-effect adjustment	Total Stockholders' Equity	Common Stock	Additional Paid-in Capital - Common Stock	Accumulated Deficit	Noncontrolling Interests
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2020	$ 136,124
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss)	6,991
Contributions from redeemable noncontrolling interests and noncontrolling interests	8,375
Distributions to redeemable noncontrolling interests and noncontrolling interests	(4,522)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(447)
Equity in subsidiaries attributable to parent	(1,118)
Other, net	(67)
Redeemable noncontrolling interest, ending balance at Dec. 31, 2021	145,336
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2020				100,412,036
Stockholders' equity, beginning balance at Dec. 31, 2020	1,144,557	$ 2,254	$ 951,731	$ 10	$ 1,482,716	$ (530,995)	$ 192,826
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(154,501)		(138,128)			(138,128)	(16,373)
Issuance of stock, net (in shares)				12,974,564
Issuance of common stock, net	249,709		249,709	$ 1	249,708
Equity component of debt instrument, net	(8,807)		(8,807)		(8,807)
Capped call transactions	(91,655)		(91,655)		(91,655)
Contributions from redeemable noncontrolling interests and noncontrolling interests	341,746						341,746
Distributions to redeemable noncontrolling interests and noncontrolling interests	(11,332)						(11,332)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(10,902)						(10,902)
Equity in subsidiaries attributable to parent	1,118		207,153			207,153	(206,035)
Equity-based compensation expense	17,236		17,236		17,236
Other, net	(3,146)		2		1	1	(3,148)
Stockholders' equity, ending balance (in shares) at Dec. 31, 2021				113,386,600
Stockholders' equity, ending balance at Dec. 31, 2021	1,476,277		1,189,495	$ 11	1,649,199	(459,715)	286,782
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss)	(22,487)
Contributions from redeemable noncontrolling interests and noncontrolling interests	84,923
Distributions to redeemable noncontrolling interests and noncontrolling interests	(4,920)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(3,829)
Equity in subsidiaries attributable to parent	(33,020)
Other, net	(266)
Redeemable noncontrolling interest, ending balance at Dec. 31, 2022	165,737
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(107,789)		(161,642)			(161,642)	53,853
Issuance of stock, net (in shares)				1,552,479
Issuance of common stock, net	12,849		12,849		12,849
Capped call transactions	(48,420)		(48,420)		(48,420)
Contributions from redeemable noncontrolling interests and noncontrolling interests	364,475						364,475
Distributions to redeemable noncontrolling interests and noncontrolling interests	(24,851)						(24,851)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(5,373)						(5,373)
Equity in subsidiaries attributable to parent	33,020		256,575			256,575	(223,555)
Equity-based compensation expense	24,218		24,218		24,218
Other, net	(2,693)		1		1		(2,694)
Stockholders' equity, ending balance (in shares) at Dec. 31, 2022				114,939,079
Stockholders' equity, ending balance at Dec. 31, 2022	1,721,713		1,273,076	$ 11	1,637,847	(364,782)	448,637
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss)	(8,443)
Contributions from redeemable noncontrolling interests and noncontrolling interests	382,904
Distributions to redeemable noncontrolling interests and noncontrolling interests	(16,176)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(8,257)
Equity in subsidiaries attributable to parent	(348,705)
Other, net	(1,188)
Redeemable noncontrolling interest, ending balance at Dec. 31, 2023	165,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(493,983)		(417,961)			(417,961)	(76,022)
Issuance of stock, net (in shares)				7,527,436
Issuance of common stock, net	92,080		92,080	$ 1	92,079
Contributions from redeemable noncontrolling interests and noncontrolling interests	309,990						309,990
Distributions to redeemable noncontrolling interests and noncontrolling interests	(32,810)						(32,810)
Costs related to redeemable noncontrolling interests and noncontrolling interests	(6,302)						(6,302)
Equity in subsidiaries attributable to parent	348,705		554,160			554,160	(205,455)
Equity-based compensation expense	25,535		25,535		25,535
Other, net	(1,888)						(1,888)
Stockholders' equity, ending balance (in shares) at Dec. 31, 2023				122,466,515
Stockholders' equity, ending balance at Dec. 31, 2023	$ 1,963,040		$ 1,526,890	$ 12	$ 1,755,461	$ (228,583)	$ 436,150

Description of Business and Basis of Presentation	12 Months Ended
Description of Business and Basis of Presentation	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation We are an industry-leading energy services company focused on making clean energy more accessible, reliable and affordable for homeowners and businesses, serving over 419,000 customers in more than 45 United States ("U.S.") states and territories. Sunnova Energy Corporation was incorporated in Delaware on October 22, 2012 and formed Sunnova Energy International Inc. ("SEI") as a Delaware corporation on April 1, 2019. We completed our initial public offering on July 29, 2019 (our "IPO"); and in connection with our IPO, all of Sunnova Energy Corporation's ownership interests were contributed to SEI. Unless the context otherwise requires, references in this report to "Sunnova," the "Company," "we," "our," "us," or like terms, refer to SEI and its consolidated subsidiaries. We partner with local dealers and contractors who originate, design and install our customers' solar energy systems, energy storage systems and related products and services on our behalf, as well as other sustainable home solutions, such as home security and monitoring, smart home devices, modern heating, ventilation and air conditioning, generators, upgraded roofing, water systems, water heaters, main panel upgrades and electric vehicle chargers. Our focus on our dealer and contractor model enables us to leverage our dealers' and contractors' specialized knowledge, connections and experience in local markets to drive customer origination while providing our dealers and contractors with access to high quality products at competitive prices, as well as technical oversight and expertise. We believe this structure provides operational flexibility, reduces exposure to labor shortages and lowers fixed costs relative to true vertically integrated models. We offer customers products to power and improve the energy efficiency and sustainability of their homes and businesses with affordable solar energy and related products and services. We are able to offer energy generation savings compared to utility-based retail rates with little to no up-front expense to the customer in conjunction with solar and solar plus energy storage products, and, in the case of the latter, are able to also provide energy resiliency. Our customer agreements typically are structured as either a legal-form lease (a "lease") of a solar energy system and/or energy storage system to the customer, the sale of the solar energy system's output to the customer under a power purchase agreement ("PPA") or the purchase of a solar energy system, energy storage system and/or accessory either with financing provided by us (a "loan") or paid in full by the customer (a "sale"); however, we also offer service plans and repair services for systems we did not originate. We make it possible in some states for a customer to obtain a new roof and/or other ancillary products. We also allow customers originated through our homebuilder channel the option of purchasing the system when the customer closes on the purchase of a new home. The initial term of our customer agreements is typically between 10 and 25 years, during which time we provide or arrange for ongoing services to customers, including monitoring, maintenance and warranty services. Our lease and PPA agreements typically include an opportunity for customers to renew for up to an additional 10 years, via two five-year or one 10-year renewal options. Our ancillary products include both cash sales and loans with an initial term between one year and 20 years. Customer payments and rates can be fixed for the duration of the customer agreement or escalated at a pre-determined percentage annually. We also receive tax benefits and other incentives from leases and PPAs, a portion of which we finance through tax equity, non-recourse debt structures and hedging arrangements in order to fund our upfront costs, overhead and growth investments. Our future success depends in part on our ability to raise capital from third-party investors and commercial sources. Basis of Presentation The accompanying annual audited consolidated financial statements ("consolidated financial statements") include our consolidated balance sheets, statements of operations, statements of redeemable noncontrolling interests and equity and statements of cash flows and have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") from records maintained by us. Our consolidated financial statements include our accounts and those of our subsidiaries in which we have a controlling financial interest. In accordance with the provisions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, Consolidation, we consolidate any VIE of which we are the primary beneficiary. We form VIEs with our investors in the ordinary course of business to facilitate the funding and monetization of certain attributes associated with our solar energy systems. The typical condition for a controlling financial interest is holding a majority of the voting interests of an entity. However, a controlling financial interest may also exist in entities, such as VIEs, through arrangements that do not involve holding a majority of the voting interests. A primary beneficiary is defined as the party that has (a) the power to direct the activities of a VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses or receive benefits from the VIE that could potentially be significant to the VIE. We do not consolidate a VIE in which we have a majority ownership interest when we are not considered the primary beneficiary. We have considered the provisions within the contractual arrangements that grant us power to manage and make decisions that affect the operation of our VIEs, including determining the solar energy systems contributed to the VIEs, and the installation, operation and maintenance of the solar energy systems. We consider the rights granted to the other investors under the contractual arrangements to be more protective in nature rather than substantive participating rights. As such, we have determined we are the primary beneficiary of our VIEs and evaluate our relationships with our VIEs on an ongoing basis to determine whether we continue to be the primary beneficiary. We have eliminated all intercompany transactions in consolidation. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications did not have a significant impact on our consolidated financial statements.

Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Significant Accounting Policies

Use of Estimates

The application of GAAP in the preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ materially from those estimates.

Cash and Cash Equivalents

We maintain cash and cash equivalents, which consists principally of demand deposits, with investment-grade financial institutions. We are exposed to credit risk to the extent cash and cash equivalents balances exceed amounts covered by the Federal Deposit Insurance Corporation ("FDIC"). As of December 31, 2023 and 2022, we had cash and cash equivalents deposits of $187.0 million and $337.5 million, respectively, in excess of the FDIC's current insured limit of $250,000. We have not experienced any losses on our deposits of cash and cash equivalents.

Restricted Cash

We record cash that is restricted as to withdrawal or use under the terms of certain contractual agreements as restricted cash. Our restricted cash primarily represents cash held to service certain payments under the Sunnova EZ-Own Portfolio, LLC ("EZOP"), Sunnova TEP Holdings, LLC ("TEPH"), Helios II Issuer, LLC ("HELII"), Helios III Issuer, LLC ("HELIII"), Sunnova RAYS I Issuer, LLC ("RAYSI"), Sunnova Sol Issuer, LLC ("SOLI"), Sunnova Helios IV Issuer, LLC ("HELIV"), Sunnova Asset Portfolio 8, LLC ("AP8"), Sunnova Sol II Issuer, LLC ("SOLII"), Sunnova Helios V Issuer, LLC ("HELV"), Sunnova Helios VI Issuer, LLC ("HELVI"), Sunnova Helios VII Issuer, LLC ("HELVII"), Sunnova TEP V-A, LLC ("TEPVA"), Sunnova TEP V-B, LLC ("TEPVB"), Sunnova TEP V-C, LLC ("TEPVC"), Sunnova TEP 6-B, LLC ("TEP6B"), Sunnova TEP 6-D, LLC ("TEP6D"), Sunnova Sol III Issuer, LLC ("SOLIII"), Sunnova Helios VIII Issuer, LLC ("HELVIII"), Sunnova Helios IX Issuer, LLC ("HELIX"), Sunnova Sol IV Issuer, LLC ("SOLIV"), Sunnova Helios X Issuer, LLC ("HELX"), Sunnova Sol V Issuer, LLC ("SOLV"), Sunnova Helios XI Issuer, LLC ("HELXI"), Sunnova Helios XII Issuer, LLC ("HELXII"), Sunnova TEP 7-A, LLC ("TEP7A"), Sunnova TEP 7-B, LLC ("TEP7B"), Sunnova TEP 7-C, LLC ("TEP7C"), Sunnova TEP 7-D, LLC ("TEP7D"), Sunnova TEP 7-E, LLC ("TEP7E"), Sunnova TEP 7-F, LLC ("TEP7F"), Sunnova TEP 7-G, LLC ("TEP7G"), Sunnova TEP 8-C, LLC ("TEP8C"), Sunnova Inventory Supply, LLC ("IS"), Sunnova Asset Portfolio 9, LLC ("AP9") and Sunnova Hestia I Issuer, LLC ("HESI") financing arrangements (see Note 9, Long-Term Debt and Note 13, Redeemable Noncontrolling Interests and Noncontrolling Interests) and balances collateralizing outstanding letters of credit related to a reinsurance agreement and one of our operating leases for office space (see Note 17, Commitments and Contingencies). The following table presents the detail of restricted cash as recorded in other current assets and other assets in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Debt and inverter reserves	$	247,394	$	132,634
Tax equity reserves	25,778		46,684

Other	8,398		5,999
Total (1)	$	281,570	$	185,317

(1) Of this amount, $62.2 million and $51.7 million is recorded in other current assets as of December 31, 2023 and 2022, respectively.

We are exposed to credit risk to the extent restricted cash balances exceed amounts covered by the FDIC. As of December 31, 2023 and 2022, we had restricted cash deposits of $274.4 million and $179.8 million, respectively, in excess of the FDIC's current insured limit of $250,000. We have not experienced any losses on our deposits of restricted cash.

Accounts Receivable

Accounts Receivable—Trade. Accounts receivable—trade primarily represents trade receivables from customers that are generally collected in the subsequent month. Accounts receivable—trade is recorded net of an allowance for credit losses, which is based on our assessment of the collectability of customer accounts based on the best available data at the time. We review the allowance by considering factors such as historical experience, customer credit rating, contractual term, aging category and current economic conditions that may affect a customer's ability to pay to identify customers with potential disputes or collection issues. We write off accounts receivable when we deem them uncollectible. The following table presents the changes in the allowance for credit losses recorded against accounts receivable—trade, net in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	1,676	$	1,044
Provision for current expected credit losses		4,978		2,858
Write off of uncollectible accounts		(4,370)		(2,490)
Recoveries		275		264

Balance at end of period		$	2,559	$	1,676

Accounts Receivable—Other. Accounts receivable—other primarily represents receivables from ITC sales and receivables from our dealers or other parties related to the sale of inventory and the use of inventory procured by us. The following table presents the changes in the allowance for credit losses recorded against accounts receivable—other in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	—	$	—
Provision for current expected credit losses		18,402		—
Write off of uncollectible accounts		(5,357)		—


Balance at end of period		$	13,045	$	—

Inventory

Inventory is stated at the lower of cost and net realizable value using the first-in, first-out method. Inventory primarily represents (a) raw materials, such as energy storage systems, photovoltaic modules, inverters, meters and modems, (b) homebuilder construction in progress and (c) other associated equipment purchased. These materials are typically procured by us and used by our dealers, sold to our dealers or held for use as original parts on new solar energy systems or replacement parts on existing solar energy systems. We remove these items from inventory and record the transaction in typically one of these manners: (a) expense to operations and maintenance expense when installed as a replacement part for a solar energy system, (b) recognize in accounts receivable—other when procured by us and used by our dealers, (c) expense to cost of revenue—inventory sales if sold directly to a dealer or other party, (d) capitalize to property and equipment when installed on an existing home or business or (e) capitalize to property and equipment when placed in service under the homebuilder program. We periodically evaluate our inventory for unusable and obsolete items based on assumptions about future demand and market

conditions. Based on this evaluation, provisions are made to write inventory down to net realizable value. The following table presents the detail of inventory as recorded in other current assets in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Energy storage systems and components	$	83,178	$	74,968
Homebuilder construction in progress	36,461		43,116
Modules and inverters	27,143		32,798

Meters and modems	1,793		1,166
Other	—		65
Total	$	148,575	$	152,113

Concentrations of Risk

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, accounts receivable and notes receivable. The concentrated risk associated with cash, cash equivalents and restricted cash is mitigated by our policy of banking with creditworthy institutions. Typically, amounts on deposit with certain banking institutions exceed FDIC insurance limits. We do not generally require collateral or other security to support accounts receivable. To reduce credit risk related to our relationship with our dealers, management performs periodic credit evaluations and ongoing assessments of our dealers' financial condition.

Concentration of Services and Equipment from Dealers

We utilize a network of approximately 475 dealers as of December 31, 2023. During the year ended December 31, 2023, two dealers accounted for approximately 20% and 16%, respectively, of our total expenditures to dealers. During the year ended December 31, 2022, three dealers accounted for approximately 26%, 16% and 11%, respectively, of our total expenditures to dealers. During the year ended December 31, 2021, two dealers accounted for approximately 28% and 13%, respectively, of our total expenditures to dealers. No other dealer accounted for more than 10% of our expenditures to dealers during the years ended December 31, 2023, 2022 and 2021.

Concentration of Revenue from Dealers

During the year ended December 31, 2023, one dealer accounted for approximately 16% of our total revenue. During the year ended December 31, 2022, one dealer accounted for approximately 16% of our total revenue. No other dealer accounted for more than 10% of our revenue during the years ended December 31, 2023, 2022 and 2021.

Dealer Commitments

We enter into exclusivity and other similar agreements with certain key dealers pursuant to which we agree to pay an incentive if such dealers install a certain minimum number of solar energy systems within specified periods. These incentives are recorded in other assets in the consolidated balance sheets and are amortized to general and administrative expense in the consolidated statements of operations generally over the term of the customer agreements, which is estimated at an average of 23 years. See Note 17, Commitments and Contingencies.

Fair Value of Financial Instruments

Fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or a liability. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 establishes a three-tier fair value hierarchy, which prioritizes inputs that may be used to measure fair value as follows:

•Level 1—Observable inputs that reflect unadjusted quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date.

•Level 2—Observable inputs other than Level 1 prices, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy must be determined based on the lowest level input that is significant to the fair value measurement. An assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset or liability. Our financial instruments include cash, cash equivalents, accounts receivable, customer notes receivable, investments in solar receivables, accounts payable, accrued expenses, long-term debt, interest rate swaps and caps and contingent consideration. The carrying values of accounts receivable, accounts payable and accrued expenses approximate the fair values due to the fact that they are short-term in nature (Level 1). We estimate the fair value of our customer notes receivable based on interest rates currently offered under the loan program with similar maturities and terms (Level 3). We estimate the fair value of our investments in solar receivables based on a discounted cash flows model that utilizes market data related to solar irradiance, production factors by region and projected electric utility rates in order to build up revenue projections (Level 3). In addition, lease-related revenue and maintenance and service costs were supported through the use of available market studies and data. We estimate the fair value of our fixed-rate long-term debt based on an analysis of debt with similar book values, maturities and required market yields based on current interest rates (Level 3). We determine the fair values of the interest rate derivative transactions based on a discounted cash flow method using contractual terms of the transactions and counterparty credit risk as key inputs. The floating interest rate is based on observable rates consistent with the frequency of the interest cash flows (Level 2). For contingent consideration, we estimate the fair value of the installation earnout using the Monte Carlo model based on the forecasted placements for the installations and the microgrid earnout using a scenario-based methodology based on the probabilities of the microgrid earnout, both using Level 3 inputs. See Note 7, Customer Notes Receivable, Note 8, Investments in Solar Receivables, Note 9, Long-Term Debt, Note 10, Derivative Instruments and Note 12, Acquisitions.

The following tables present our financial instruments measured at fair value on a recurring basis as of December 31, 2023 and 2022:


	As of December 31, 2023
	Total		Level 1		Level 2		Level 3
	(in thousands)
Financial assets:
Investments in solar receivables	$	69,334	$	—	$	—	$	69,334
Derivative assets	55,471		—		55,471		—
Total	$	124,805	$	—	$	55,471	$	69,334

Financial liabilities:
Contingent consideration	$	19,916	$	—	$	—	$	19,916

Total	$	19,916	$	—	$	—	$	19,916


	As of December 31, 2022
	Total		Level 1		Level 2		Level 3
	(in thousands)
Financial assets:
Investments in solar receivables	$	72,171	$	—	$	—	$	72,171
Derivative assets	112,712		—		112,712		—
Total	$	184,883	$	—	$	112,712	$	72,171

Financial liabilities:
Contingent consideration	$	26,787	$	—	$	—	$	26,787

Total	$	26,787	$	—	$	—	$	26,787

Changes in the fair value of our investments in solar receivables are included in other operating income/expense in the consolidated statements of operations. The following table summarizes the change in the fair value of our financial assets accounted for at fair value on a recurring basis using Level 3 inputs as recorded in other current assets and other assets (see Note 5, Detail of Certain Balance Sheet Captions) in the consolidated balance sheets:


	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	72,171	$	82,658
Additions	969		—
Settlements	(11,528)		(11,581)
Gain recognized in earnings	7,722		1,094

Balance at end of period	$	69,334	$	72,171

Changes in the fair value of our contingent consideration are included in other operating expense/income in the consolidated statements of operations. The following table summarizes the change in the fair value of our financial liabilities accounted for at fair value on a recurring basis using Level 3 inputs as recorded in other long-term liabilities in the consolidated balance sheets:


	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	26,787	$	67,895

Settlements	(10,832)		(16,014)
(Gain) loss recognized in earnings	3,961		(25,094)

Balance at end of period	$	19,916	$	26,787

The following table summarizes the significant unobservable inputs used in the valuation of our liabilities as of December 31, 2023 using Level 3 inputs:

Unobservable
Input

Weighted
Average

Liabilities:

Contingent consideration - installation earnout

Volatility

30.00%

Revenue risk premium

15.90%

Risk-free discount rate

4.65%

Contingent consideration - microgrid earnout

Probability of success

10.00%

Risk-free discount rate

4.65%

Significant increases or decreases in the volatility, revenue risk premium, probability of success or risk-free discount rate in isolation could result in a significantly higher or lower fair value measurement.

Derivative Instruments

Our derivative instruments consist of interest rate swaps and caps that are not designated as cash flow hedges or fair value hedges. We use interest rate swaps and caps to manage our net exposure to interest rate changes. We record the derivatives in other current assets, other assets, other current liabilities and other long-term liabilities, as appropriate, in the consolidated balance sheets and the changes in fair value are recorded in interest expense, net in the consolidated statements of operations. We include unrealized gains and losses on derivatives as a non-cash reconciling item in operating activities in the consolidated statements of cash flows. We include realized gains and losses on derivatives as a change in components of operating assets and liabilities in operating activities in the consolidated statements of cash flows. See Note 10, Derivative Instruments.

Revenue

The following table presents the detail of revenue as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
PPA revenue		$	123,646	$	104,563	$	86,087
Lease revenue		147,788		100,070		71,784
Inventory sales revenue		185,855		195,979		—
Service revenue		16,197		4,178		2,049
Direct sales revenue		60,590		8,484		1,212
Solar renewable energy certificate revenue		50,375		48,698		41,537
Cash sales revenue		96,072		72,425		27,176
Loan revenue		34,716		18,601		7,768
Other revenue		5,414		4,692		4,139
Total		$	720,653	$	557,690	$	241,752

We recognize revenue from contracts with customers as we satisfy our performance obligations at a transaction price reflecting an amount of consideration based upon an estimated rate of return, net of cash incentives. We express this rate of return as the solar rate per kilowatt hour ("kWh") in the customer contract. The amount of revenue we recognize does not equal customer cash payments because we satisfy performance obligations ahead of cash receipt or evenly as we provide continuous access on a stand-ready basis to the solar energy system. We reflect the differences between revenue recognition and cash payments received in accounts receivable, other assets or deferred revenue, as appropriate. Revenue allocated to remaining performance obligations represents contracted revenue we have not yet recognized and includes deferred revenue as well as amounts that will be invoiced and recognized as revenue in future periods. Contracted but not yet recognized revenue was approximately $5.4 billion as of December 31, 2023, of which we expect to recognize approximately 4% over the next 12 months. We do not expect the annual recognition to vary significantly over approximately the next 20 years as the vast majority of existing customer agreements have at least 20 years remaining, given the average age of the fleet of solar energy systems under contract is less than four years.

Certain customers may receive cash incentives. We defer recognition of the payment of these cash incentives and recognize them over the life of the contract as a reduction to revenue. The deferred payment is recorded in other assets for customers who receive the cash incentives under our lease and PPA agreements, and as a contra-liability in other long-term liabilities for customers who receive the cash incentives under our loan agreements.

PPAs. Customers purchase electricity from us under PPAs. Pursuant to ASC 606, we recognize revenue based upon the amount of electricity delivered as determined by remote monitoring equipment at solar rates specified under the PPAs. All customers must pass our credit evaluation process. The PPAs generally have a term of 20 or 25 years with an opportunity for customers to renew for up to an additional 10 years, via two five-year or one 10-year renewal options.

Leases. We are the lessor under lease agreements for solar energy systems and energy storage systems, which do not meet the definition of a lease under ASC 842 and are accounted for as contracts with customers under ASC 606. We recognize revenue on a straight-line basis over the contract term as we satisfy our obligation to provide continuous access to the solar energy system. All customers must pass our credit evaluation process. The lease agreements generally have a term of 20 or 25 years with an opportunity for customers to renew for up to an additional 10 years, via two five-year or one 10-year renewal options.

In most cases, we provide customers under our lease agreements a performance guarantee that each solar energy system will achieve a certain specified minimum solar energy production output, which is a significant proportion of its expected output. The specified minimum solar energy production output may not be achieved due to natural fluctuations in the weather or equipment failures from exposure and wear and tear outside of our control, among other factors. We determine the amount of the guaranteed output based on a number of different factors, including: (a) the specific site information related to the tilt of the panels, azimuth (a horizontal angle measured clockwise in degrees from a reference direction) of the panels, size of the system, and shading on site; (b) the calculated amount of available irradiance (amount of energy for a given flat surface facing a specific

direction) based on historical average weather data and (c) the calculated amount of energy output of the solar energy system. While actual irradiance levels can significantly change year over year due to natural fluctuations in the weather, we expect the levels to average out over the term of a lease and to approximate the levels used in determining the amount of the performance guarantee. Generally, weather fluctuations are the most likely reason a solar energy system may not achieve a certain specified minimum solar energy production output.

If the solar energy system does not produce the guaranteed production amount, we are required to refund a portion of the previously remitted customer payments, where the repayment is calculated as the product of (a) the shortfall production amount and (b) the dollar amount (guaranteed rate) per kWh that is fixed throughout the term of the contract. These remittances of a customer's payments, if needed, are payable as early as the first anniversary of the solar energy system's placed in service date and then every annual period thereafter. See Note 17, Commitments and Contingencies.

Inventory Sales. Inventory sales revenue represents revenue from the direct sale of inventory to our dealers or other parties. We recognize the related revenue under ASC 606 upon shipment or upon sale when a bill and hold agreement is in place. Shipping and handling costs are included in cost of revenue—inventory sales in the consolidated statements of operations.

Service Revenue. Service revenue includes sales of service plans and repair services. Service plans are available to customers whose solar energy system was not originally sold by Sunnova. We recognize revenue from service plan contracts on a straight-line basis over the life of the contract, which is typically 10 years. We recognize revenue from repair services in the period in which the service was performed.

Direct Sales Revenue. Direct sales revenue includes revenue from the direct sale of solar energy systems and energy storage systems to customers with financing provided by us. We recognize revenue from the direct sale of solar energy systems and energy storage systems in the period in which the systems are placed in service.

Solar Renewable Energy Certificates. Each solar renewable energy certificate ("SREC") represents the environmental benefit of one megawatt hour (1,000 kWh) generated by a solar energy system. SRECs can be sold separate from the actual electricity generated by the renewable-based generation source. We account for the SRECs we generate from our solar energy systems as governmental incentives with no costs incurred to obtain them and do not consider those SRECs output of the underlying solar energy systems. We classify these SRECs as inventory held until sold and delivered to third parties. As we did not incur costs to obtain these governmental incentives, the inventory carrying value for the SRECs was $0 as of December 31, 2023 and 2022. We enter into economic hedges related to expected production of SRECs through forward contracts. While these fixed price forward contracts serve as an economic hedge against spot price fluctuations for the SRECs, the contracts do not qualify for hedge accounting and are not designated as cash flow hedges or fair value hedges. The contracts require us to physically deliver the SRECs upon settlement. We recognize the related revenue under ASC 606 upon satisfaction of the performance obligation to transfer the SRECs to the stated counterparty. Payments are typically received within one month of transferring the SREC to the counterparty. The costs related to the sales of SRECs are generally limited to broker fees (recorded in cost of revenue—other), which are only paid in connection with certain transactions. In certain circumstances we are required to purchase SRECs on the open market to fulfill minimum delivery requirements under our forward contracts.

Cash Sales. Cash sales revenue represents revenue from a customer's purchase of a solar energy system from us typically when purchasing a new home. We recognize the related revenue under ASC 606 upon verification of the home closing.

Loans. See discussion of loan revenue in the "Loans" section below.

Other Revenue. Other revenue includes certain state and utility incentives. We recognize revenue from state and utility incentives in the periods in which they are earned.

Loans

We offer a loan program, under which the customer finances the purchase of a solar energy system, energy storage system and/or accessory through a customer agreement, typically for a term of 10, 15 or 25 years. We recognize cash payments received from customers on a monthly basis under our loan program (a) as interest income, to the extent attributable to earned interest on the contract that financed the customer's purchase; (b) as a reduction of a note receivable on the balance sheet, to the extent attributable to a return of principal (whether scheduled or prepaid) on the contract that financed the customer's purchase; and (c) as revenue, to the extent attributable to payments for operations and maintenance services provided by us. To qualify for the loan program, a customer must pass our credit evaluation process, which requires the customer to have a minimum FICO®

score of 600 to 710 depending on certain circumstances, and we secure the loans with the solar energy systems, energy storage systems or accessories financed. The credit evaluation process is performed once for each customer at the time the customer is entering into the customer agreement with us.

Our investments in solar energy systems, energy storage systems and accessories related to the loan program that are not yet placed in service are recorded in other assets in the consolidated balance sheets and are transferred to customer notes receivable upon being placed in service. Customer notes receivable are recorded at amortized cost, net of an allowance for credit losses (as described below), in other current assets and customer notes receivable in the consolidated balance sheets. Accrued interest receivable related to our customer notes receivable is recorded in accounts receivable—trade, net in the consolidated balance sheets. Interest income from customer notes receivable is recorded in interest income in the consolidated statements of operations. The amortized cost of our customer notes receivable is equal to the principal balance of customer notes receivable outstanding and does not include accrued interest receivable. Customer notes receivable continue to accrue interest until they are written off against the allowance, which occurs when the balance is 180 days or more past due unless the balance is in the process of collection. Customer notes receivable are considered past due one day after the due date based on the contractual terms of the loan agreement. In all cases, customer notes receivable balances are placed on a nonaccrual status or written off at an earlier date when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously written off and expected to be written off. Accrued interest receivable for customer notes receivable placed on a nonaccrual status is recorded as a reduction to interest income. Interest received on such customer notes receivable is accounted for on a cash basis until the customer notes receivable qualifies for the return to accrual status. Customer notes receivable are returned to accrual status when there is no longer any principal or interest amounts past due and future payments are reasonably assured.

The allowance for credit losses is deducted from the customer notes receivable amortized cost to present the net amount expected to be collected. It is measured on a collective (pool) basis when similar risk characteristics (such as financial asset type, customer credit rating, contractual term and vintage) exist. In determining the allowance for credit losses, we identify customers with potential disputes or collection issues and consider our historical level of credit losses and current economic trends that might impact the level of future credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics, such as differences in underwriting standards. Expected credit losses are estimated over the contractual term of the loan agreements based on the best available data at the time and adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: (a) we have a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual customer or (b) the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancelable by us. Expected credit losses are recorded in general and administrative expense in the consolidated statements of operations. See Note 7, Customer Notes Receivable.

Deferred Revenue

Deferred revenue consists of amounts for which the criteria for revenue recognition have not yet been met and includes (a) payments for unfulfilled performance obligations that will be recognized on a straight-line basis over the remaining term of the respective customer agreements, net of any cash incentives earned by the customers, (b) down payments and partial or full prepayments from customers and (c) differences due to the timing of energy production versus billing for certain types of PPAs. Deferred revenue was $297.8 million as of December 31, 2021. The following table presents the detail of deferred revenue as recorded in other current liabilities and other long-term liabilities in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Loans	$	930,999	$	586,128
PPAs and leases	55,651		24,893
Solar receivables	4,339		4,602

Other	14		—
Total (1)	$	991,003	$	615,623

(1) Of this amount, $50.8 million and $30.2 million is recorded in other current liabilities as of December 31, 2023 and 2022, respectively.

During the years ended December 31, 2023 and 2022, we recognized revenue of $33.0 million and $16.0 million, respectively, from amounts recorded in deferred revenue at the beginning of the respective years.

Contract Assets and Contract Liabilities

Billing practices are governed by the contract terms of each project based upon costs incurred, production or predetermined schedules. Billings do not necessarily correlate with revenue recognized using the percentage-of-completion method to reflect the transfer of control over time. Contract assets include unbilled amounts typically resulting from revenue under contracts when the percentage-of-completion method of revenue recognition is utilized and revenue recognized exceeds the amount billed to the customer. Contract liabilities consist of advance payments and billings in excess of revenue recognized. Retainage, included in contract assets, represents the amounts withheld from billings by our clients pursuant to provisions in the contracts and may not be paid to us until the completion of specific tasks or the completion of the project and, in some instances, for even longer periods. Retainage may also be subject to restrictive conditions such as performance guarantees. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. The payment terms of our contracts from time to time require the customer to make advance payments as well as interim payments as work progresses. As of December 31, 2023 and 2022, contract assets were $279,000 and $0, respectively, and contract liabilities were $3.8 million and $0, respectively. The increase in contract assets was primarily attributed to revenue recognized on certain contracts partially offset by the timing of billings. The increase in contract liabilities was due to the timing of advance payments partially offset by revenue recognized during the period. During the years ended December 31, 2023 and 2022, we recognized revenue of $0 from amounts recorded in contract liabilities at the beginning of the respective years.

Performance Guarantee Obligations

In most cases, we guarantee certain specified minimum solar energy production output under our leases and loan agreements, generally over a term between 10 and 25 years. The amounts are generally measured and credited to the customer's account as early as the first anniversary of the solar energy system's placed in service date and then every annual period thereafter. We monitor the solar energy systems to ensure these outputs are achieved. We evaluate if any amounts are due to our customers based upon not meeting the guaranteed solar energy production outputs at each reporting period end. For leases, these estimated amounts are recorded as a reduction to revenues from customers and a current or long-term liability, as applicable. For loans, these estimated amounts are recorded as an increase to cost of revenue—other and a current or long-term liability, as applicable. See Note 17, Commitments and Contingencies.

Property and Equipment

Solar Energy Systems and Energy Storage Systems. Depreciation and amortization of solar energy systems and energy storage systems are calculated using the straight-line method over the estimated useful lives of the solar energy systems and energy storage systems and are recorded in cost of revenue—depreciation. While solar energy systems and energy storage systems are in the design, construction and installation stages prior to being placed in service, the development of the systems is accounted for through construction in progress. The components of the design, construction and installation of the solar energy systems and energy storage systems are as follows:

•Dealer's costs (engineering, procurement and construction)

•Direct costs (costs directly related to a solar energy system or energy storage system)

•Indirect costs (costs incurred in the design, construction and installation of the solar energy system or energy storage system but not directly associated with a particular asset)

Solar energy systems and energy storage systems are carried at the cost of acquisition or construction (including design and installation) less certain utility rebates and are depreciated over the useful lives of the assets. Depreciation begins when a solar energy system or energy storage system is placed in service. Costs associated with repair and maintenance of a solar energy system or energy storage system are expensed as incurred. Costs associated with improvements to a solar energy system or energy storage system, which extend the life, increase the capacity or improve the efficiency of the systems, are capitalized and depreciated over the remaining life of the asset.

Property and Equipment, Excluding Solar Energy Systems and Energy Storage Systems. Property and equipment, including information technology system projects, computers and equipment, leasehold improvements, furniture and fixtures, vehicles and other property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the respective assets and are recorded in general and administrative expense. Leasehold improvements are amortized over the shorter of the lease term or the

estimated useful lives. Upon disposition, the cost and related accumulated depreciation of the assets are removed from property and equipment and the resulting gain or loss is reflected in the consolidated statements of operations. Repair and maintenance costs are expensed as incurred.

Acquisitions

Business combinations are accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations, as amended by Accounting Standards Update ("ASU") No. 2017-01, Business Combinations: Clarifying the Definition of a Business. The purchase price of an acquisition is measured at the estimated fair value of the assets acquired, equity instruments issued and liabilities assumed at the acquisition date. Any noncontrolling interests acquired are also initially measured at fair value. Costs that are directly attributable to the acquisition are expensed as incurred to general and administrative expense. We recognize goodwill if the aggregate fair value of the total purchase consideration and the noncontrolling interests is in excess of the aggregate fair value of the assets acquired and liabilities assumed. We may engage third-party valuation firms to assist in determining the fair values. The operating results of an acquired business are included in our results of operations from the date of acquisition. We have up to one year from the acquisition date to complete the fair value purchase price allocation. See Note 12, Acquisitions.

Asset acquisitions are measured based on the cost to us, including transaction costs. Asset acquisition costs, or the consideration transferred by us, are assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash we paid to the seller, as well as transaction costs incurred. Consideration given in the form of non-monetary assets, liabilities incurred or equity instruments issued is measured based on either the cost to us or the fair value of the assets or net assets acquired, whichever is more clearly evident. The cost of an asset acquisition is allocated to the assets acquired based on their estimated fair values. Goodwill is not recognized in an asset acquisition.

Intangibles

Our purchased intangible assets are stated at cost less accumulated amortization. Our intangible assets acquired from a business combination or asset acquisition are stated at the estimated fair value on the date of the acquisition less accumulated amortization (see Note 12, Acquisitions). We amortize intangible assets to general and administrative expense using the straight-line method. The following table presents the detail of intangible assets as recorded in other assets in the consolidated balance sheets:



		As of December 31,
	Useful Lives	2023		2022
	(in years)	(in thousands)
Customer relationships - system sales	10	$	145,496	$	145,496
Customer relationships - servicing	10	3,471		3,471
Customer relationships - new customers	4	29,761		29,761
Trade name	15	11,899		11,899
Tax equity commitment	4	21,209		21,209
Software license	3	331		331
Trademark	3	68		68
Other	3-25	499		521
Intangible assets, gross		212,734		212,756
Less: accumulated amortization		(78,676)		(50,244)
Intangible assets, net		$	134,058	$	162,512

As of December 31, 2023, amortization expense related to intangible assets to be recognized is as follows:


	Amortization Expense
	(in thousands)
2024	$	28,450
2025	18,893
2026	15,707
2027	15,707
2028	15,707
2029 and thereafter	39,594
Total	$	134,058

Goodwill

Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. Goodwill is reviewed for impairment at least annually or whenever events or changes in circumstances indicate the carrying amount may be impaired. When assessing goodwill for impairment, we use qualitative and if necessary, quantitative methods in accordance with GAAP. Our annual assessment date is October 31. We utilized a qualitative assessment and concluded it was more likely than not the carrying amount was greater than the fair value due to a sustained decline in our share price. Our review considered performance compared to released guidance, renewable market factors, liquidity and market capitalization including stock price along with other market factors including interest rate changes and inflation. Based on this assessment, we performed a quantitative assessment using the market approach. Our market capitalization, after consideration of a control premium, was lower than the book value of equity and thus, we recognized goodwill impairment of $13.2 million in the fourth quarter of 2023.

Deferred Financing Costs

Deferred financing costs are capitalized and amortized to interest expense, net over the term of the related debt using the effective interest method for term loans or the straight-line method for revolving credit facilities. The unamortized balance of deferred financing costs is recorded in current portion of long-term debt, current portion of long-term debt—affiliates, long-term debt, net and long-term debt, net—affiliates (see Note 9, Long-Term Debt) for term loans or in other current assets and other assets for revolving credit facilities and debt and equity transactions not yet completed, in the consolidated balance sheets. The following table presents the changes in net deferred financing costs:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	76,525	$	56,056
Capitalized	77,062		34,109
Amortized	(25,226)		(13,640)
Balance at end of period	$	128,361	$	76,525

Asset Retirement Obligation ("ARO")

We have AROs arising from contractual requirements to perform certain asset retirement activities at the time the solar energy systems are disposed. We recognize an ARO at the point an obligating event takes place, typically when the solar energy system is placed in service. An asset is considered retired when it is permanently taken out of service, such as through a sale or disposal.

The liability is initially measured at fair value (as a Level 3 measurement) based on the present value of estimated removal and restoration costs and subsequently adjusted for changes in the underlying assumptions and for accretion expense. The accretion expense is recognized in general and administrative expense in the consolidated statements of operations. The corresponding asset retirement costs are capitalized as part of the carrying amount of the solar energy system and depreciated over the solar energy system's remaining useful life. See Note 6, AROs.

Warranty Obligations

In connection with our customer agreements, we warrant the solar energy systems against defects in workmanship, against component or materials breakdowns and against any damages to rooftops during the installation process. The dealers' warranties on the workmanship, including work during the installation process, and the manufacturers' warranties over component parts have a range of warranty periods which are generally 10 to 25 years. As of December 31, 2023 and 2022, a warranty reserve of $6.0 million and $3.0 million, respectively, is recorded in other long-term liabilities in the consolidated balance sheets.

Advertising Costs

We expense advertising costs as they are incurred to general and administrative expense in the consolidated statements of operations. We recognized advertising expense of $5.0 million, $2.5 million and $1.9 million during the years ended December 31, 2023, 2022 and 2021, respectively.

Defined Contribution Plan

In April 2015, we established the Sunnova Energy Corporation 401(k) Profit Sharing Plan ("401(k) plan") available to employees who meet the 401(k) plan's eligibility requirements. The 401(k) plan allows participants to contribute a percentage of their compensation to the 401(k) plan up to the limits set forth in the Internal Revenue Code. We may make additional discretionary contributions to the 401(k) plan as a percentage of total participant contributions, subject to established limits. Participants are fully vested in their contributions and any safe harbor matching contributions we make. We made safe harbor matching contributions of $4.2 million, $1.8 million and $1.3 million during the years ended December 31, 2023, 2022 and 2021, respectively, which are recorded in general and administrative expense in the consolidated statements of operations.

Income Taxes

We account for income taxes under an asset and liability approach. Deferred income taxes reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and the amounts recognized for income tax reporting purposes, net operating loss, carryforwards, and other tax credits measured by applying currently enacted tax laws. A valuation allowance is provided when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized.

We determine whether a tax position taken in a filed tax return, planned to be taken in a future tax return or claim, or otherwise subject to interpretation, is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position, or prospectively approved when such approval may be sought in advance. We use a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates it is more likely than not the position will be sustained upon tax authority examination, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit or obligation as the largest amount that is more than 50% likely of being realized upon ultimate settlement. See Note 11, Income Taxes.

Comprehensive Income (Loss)

We are required to report comprehensive income (loss), which includes net income (loss) as well as other comprehensive income (loss). There were no differences between comprehensive loss and net loss as reported in the consolidated statements of operations for the periods presented.

Impairment of Long-Lived Assets

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset be tested for possible impairment, we first compare undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals as considered necessary. Impairment charges are recorded in operations and maintenance expense for solar energy systems that

relate to revenue from contracts with customers and general and administrative expense for all other property and equipment and other long-lived assets.

Segment Information

Operating segments are defined as components of a company about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is the chief executive officer. Based on the financial information presented to and reviewed by our chief operating decision maker in deciding how to allocate resources and in assessing performance, we have determined we have a single reportable segment: solar energy products and services. Our principal operations, revenue and decision-making functions are located in the U.S.

Basic and Diluted Net Income (Loss) Per Share

Our basic net income (loss) per share attributable to stockholders is calculated by dividing the net income (loss) attributable to stockholders by the weighted-average number of shares of common stock outstanding for the period. Our diluted net income (loss) per share attributable to stockholders is calculated by giving effect to all potential common stock equivalents outstanding for the period determined using the treasury stock method or the if-converted method, as applicable. During periods in which we incur a net loss attributable to stockholders, stock options and restricted stock units are considered to be common stock equivalents but are excluded from the calculation of diluted net loss per share attributable to stockholders as the effect is antidilutive. See Note 16, Basic and Diluted Net Loss Per Share.

Equity-Based Compensation

We account for equity-based compensation, which requires the measurement and recognition of compensation expense related to the fair value of equity-based compensation awards. Equity-based compensation expense includes the compensation cost for all share-based awards granted to employees, consultants and members of our board of directors (our "Board") based on the grant date fair value estimate. This also applies to awards modified, repurchased or canceled during the periods reported. We use the Black-Scholes option-pricing model to measure the fair value of stock options at the measurement date. We use the closing price of our common stock on the grant date to measure the fair value of restricted stock units at the measurement date. We account for forfeitures as they occur. Equity-based compensation expense is recorded in general and administrative expense in the consolidated statements of operations. See Note 15, Equity-Based Compensation.

Redeemable Noncontrolling Interests and Noncontrolling Interests

Noncontrolling interests represent third-party interests in the net assets of certain consolidated subsidiaries (the "tax equity entities"). For these tax equity entities, we have determined the appropriate methodology for calculating the noncontrolling interest balances that reflects the substantive economic arrangements in the operating agreements is a balance sheet approach using the hypothetical liquidation at book value ("HLBV") method. Under the HLBV method, the amounts reported as noncontrolling interests in the consolidated balance sheets represent the amounts third-party investors would hypothetically receive at each balance sheet date under the liquidation provisions of the operating agreements, assuming the net assets of the subsidiaries were liquidated at amounts determined in accordance with GAAP and distributed to the investors. The noncontrolling interest balances in these subsidiaries are reported as a component of equity in the consolidated balance sheets. The amount of income or loss allocated to noncontrolling interests in the results of operations for the subsidiaries using HLBV are determined as the difference in the noncontrolling interest balances in the consolidated balance sheets at the start and end of each reporting period, after taking into account any capital transactions between the subsidiaries and the third-party investors. Factors used in the HLBV calculation include GAAP income (loss), taxable income (loss), capital contributions, investment tax credits, distributions and the stipulated targeted investor return specified in the subsidiaries' operating agreements. Changes in these factors could have a significant impact on the amounts that investors would receive upon a hypothetical liquidation. The use of the HLBV method to allocate income (loss) to the noncontrolling interest holders may create volatility in the consolidated statements of operations as the application of HLBV can drive changes in net income or loss attributable to noncontrolling interests from period to period. We classify certain noncontrolling interests with redemption features that are not solely within our control outside of permanent equity in the consolidated balance sheets. Redeemable noncontrolling interests are reported using the greater of the carrying value at each reporting date as determined by the HLBV method or the estimated redemption value at the end of each reporting period. Estimating the redemption value of the redeemable noncontrolling interests requires the use of significant assumptions and estimates, such as projected future cash flows at the time the redemption feature can be exercised. The redeemable noncontrolling interests and noncontrolling interests are recorded net of related issuance costs and net of the basis difference in the solar energy systems transferred to the tax equity entities in the consolidated balance sheets. This basis difference is reflected as equity in subsidiaries attributable to parent in the consolidated

statements of redeemable noncontrolling interests and equity. When we exercise our purchase option to purchase the Class A member's interest in a tax equity entity, the difference between the purchase price and carrying value of the redeemable noncontrolling interest or noncontrolling interest immediately prior to the purchase is reflected as an adjustment to accumulated deficit and no gain or loss is recognized in the consolidated statements of operations.

Self-Insurance

In January 2023, we changed our health insurance policy for qualifying employees in the U.S. from a fully-insured policy to a self-insured policy in order to administer insurance coverage to our employees at a lower cost to us. The change in insurance policy did not have a significant impact on our consolidated financial statements and related disclosures. Under the self-insured policy, we maintain stop-loss coverage from a third party that limits our exposure to large claims. We record a liability associated with these benefits that includes an estimate of both claims filed and losses incurred but not yet reported based on historical claims experience. In estimating this accrual, we utilize a third-party actuary to estimate a range of expected losses, which are based on an analysis of historical data. Assumptions are monitored and adjusted when warranted by changing circumstances. We record our liability for estimated losses under our self-insured policy in accrued liabilities in the consolidated balance sheets. As of December 31, 2023, our liability for self-insured claims was $3.5 million, which represents our best estimate of the future cost of claims incurred as of that date. We believe we have adequate reserves for these claims as of December 31, 2023; however, the actual value of such claims could be significantly affected if future occurrences and claims differ from these assumptions.

Sales of Investment Tax Credits ("ITCs")

In 2023, we entered into tax credit purchase and sale agreements with third-party purchasers to sell to such third-party purchasers, for cash, the Section 48(a) ITCs generated by certain solar energy systems that have or will be placed in service, subject to certain conditions set forth therein. We account for ITCs using the flow-through method. For tax credit purchase and sale agreements entered into by certain of our consolidated tax equity partnerships, we record our share of the sale as income tax benefit and the tax equity investor's share as an increase to redeemable noncontrolling interest or noncontrolling interest. As of December 31, 2023, accounts receivable from ITC sales of $200.7 million is recorded in accounts receivable—other in the consolidated balance sheet. During the year ended December 31, 2023, we recognized ITC sales of $207.4 million, of which $16.6 million is recorded in income tax benefit in the consolidated statement of operations and $190.8 million is recorded in redeemable noncontrolling interest in the consolidated balance sheet.

New Accounting Guidance

New accounting pronouncements are issued by the FASB or other standard setting bodies and are adopted as of the specified effective date.

In March 2022, the FASB issued Accounting Standards Update ("ASU") No. 2022-02, Financial Instruments—Credit Losses: Troubled Debt Restructurings and Vintage Disclosures, to eliminate the accounting guidance for troubled debt restructurings while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. This ASU is effective for annual and interim reporting periods beginning in January 2023. We adopted this ASU in January 2023 and determined it did not have a significant impact on our consolidated financial statements and related disclosures.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures, to refine and ensure a broader and more transparent representation of segment-related financial activities. This ASU is effective for annual periods beginning in January 2024. We are currently evaluating the impact of this ASU on our consolidated financial statements and related disclosures.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes: Improvements to Income Tax Disclosures, to improve the transparency and effectiveness of income tax disclosures, including rate reconciliation and income taxes paid. This ASU is effective for annual periods beginning in January 2025. We are currently evaluating the impact of this ASU on our consolidated financial statements and related disclosures.

Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

The following table presents the detail of property and equipment, net as recorded in the consolidated balance sheets:



		As of December 31,
	Useful Lives	2023		2022
	(in years)	(in thousands)
Solar energy systems and energy storage systems	35	$	5,443,796	$	3,719,727
Construction in progress		530,180		329,893
Asset retirement obligations	30	78,538		57,063
Information technology systems	3	130,300		72,797
Computers and equipment	3-5	7,503		4,976
Leasehold improvements	3-6	6,170		5,558
Furniture and fixtures	7	1,172		1,172
Vehicles	4-5	1,640		1,640
Other	5-6	419		157
Property and equipment, gross		6,199,718		4,192,983
Less: accumulated depreciation		(560,924)		(408,182)
Property and equipment, net		$	5,638,794	$	3,784,801

The amounts included in the above table for solar energy systems and energy storage systems and substantially all the construction in progress relate to our customer contracts (including PPAs and leases). These assets had accumulated depreciation of $489.7 million and $360.1 million as of December 31, 2023 and 2022, respectively.

Natural Disaster Losses

12 Months Ended

Dec. 31, 2023

Unusual or Infrequent Items, or Both [Abstract]

Natural Disaster Losses

We have insurance coverage related to property damage and business interruption. When a solar energy system is damaged by a natural disaster, we impair all or a portion of the net book value to operations and maintenance expense in the period for which the amount is probable and can be reasonably estimated. Insurance proceeds for property damage, up to the amount of impairment expense recorded for property damage, are estimated and recorded as a receivable (recorded in accounts receivable—other in the consolidated balance sheet) and a reduction to operations and maintenance expense when the receipt of the proceeds is deemed probable. Insurance proceeds for property damage that exceed the amount of impairment expense recorded and insurance proceeds related to business interruption are recorded when received, as a reduction to operations and maintenance expense. Costs incurred to repair or replace a solar energy system are capitalized (recorded in property and equipment, net in the consolidated balance sheet) and are classified as an investing cash outflow in the consolidated statement of cash flows. Insurance proceeds received for property damage are classified as an investing cash inflow in the consolidated statement of cash flows. Insurance proceeds received for business interruption are classified as an operating cash inflow in the consolidated statement of cash flows.

Hurricane Fiona in Puerto Rico. In September 2022, Hurricane Fiona made landfall in Puerto Rico causing significant wind and water damage to the island's infrastructure, residences and businesses. A majority of Puerto Rico was left without electrical power. In addition, other basic utility and infrastructure services (such as water, communications, ports and other transportation networks) were severely curtailed. We had no material damages to our solar energy systems and energy storage systems.

Hurricane Ian in Florida. In September 2022, Hurricane Ian made landfall in Florida causing catastrophic wind and water damage to the state's infrastructure, residences and businesses. We had no material damages to our solar energy systems and energy storage systems.

Typhoon Mawar in Guam and Northern Mariana Islands. In May 2023, Typhoon Mawar made landfall in Guam and the Northern Mariana Islands causing significant wind and water damage to the islands' infrastructure, residences and businesses. We had no material damages to our solar energy systems and energy storage systems.

Wildfires in Hawaii. In August 2023, a series of wildfires broke out in Hawaii causing widespread damage to the island's infrastructure, residences and businesses. We had no material damages to our solar energy systems and energy storage systems.

During the years ended December 31, 2023 and 2022, we incurred (a) $1.6 million and $633,000, respectively, related to third-parties helping our customers, primarily restarting batteries and (b) $730,000 and $532,000, respectively, related to employees performing similar type work or other work related to the hurricanes. The following table presents the impact of the natural disaster losses as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Operations and maintenance expense:
Impairment of solar energy systems due to natural disaster losses		$	3,865	$	—	$	—
Insurance proceeds received/expected to be received—property damage		(3,400)		—		—
Insurance proceeds received—business interruption		(350)		—		—
Other natural disaster-related charges		1,635		633		—
General and administrative expense:
Other natural disaster-related charges		730		532		—
Total		$	2,480	$	1,165	$	—

Detail of Certain Balance Sheet Captions

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Detail of Certain Balance Sheet Captions

The following table presents the detail of other current assets as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Inventory	$	148,575	$	152,113
Current portion of customer notes receivable	176,562		114,910
Restricted cash	62,188		51,733
Prepaid assets	25,996		17,492
Deferred receivables	7,601		7,392
Current portion of investments in solar receivables	7,457		7,107


Other	920		553
Total	$	429,299	$	351,300

The following table presents the detail of other assets as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Construction in progress - customer notes receivable	$	159,066	$	382,611
Restricted cash	219,382		133,584
Exclusivity and other bonus arrangements with dealers, net	166,359		121,313
Investments in solar receivables	61,877		65,064
Straight-line revenue adjustment, net	62,941		53,086
Other	226,260		206,233
Total	$	895,885	$	961,891

The following table presents the detail of other current liabilities as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Interest payable	$	67,647	$	35,258
Deferred revenue	50,815		30,172
Current portion of operating and finance lease liability	4,231		3,247
Current portion of performance guarantee obligations	2,667		2,495
Other	8,289		334
Total	$	133,649	$	71,506

AROs

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

AROs

AROs consist primarily of costs to remove solar energy system assets and costs to restore the solar energy system sites to the original condition, which we estimate based on current market rates. For each solar energy system, we recognize the fair value of the ARO as a liability and capitalize that cost as part of the cost basis of the related solar energy system. The related assets are depreciated on a straight-line basis over 30 years, which is the estimated average time a solar energy system will be installed in a location before being removed, and the related liabilities are accreted to the full value over the same period of time. We revise our estimated future liabilities based on recent actual experiences, including third party cost estimates, average size of solar energy systems and inflation rates, which we evaluate at least annually. Changes in our estimated future liabilities are recorded as either a reduction or addition in the carrying amount of the remaining unamortized asset and the ARO and either decrease or increase our depreciation and accretion expense amounts prospectively. The following table presents the changes in AROs as recorded in other long-term liabilities in the consolidated balance sheets:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	69,869	$	54,396
Additional obligations incurred	21,529		11,871
Accretion expense	4,905		3,701

Other	(76)		(99)
Balance at end of period	$	96,227	$	69,869

Customer Notes Receivable

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Customer Notes Receivable

We offer a loan program, under which the customer finances the purchase of a solar energy system, energy storage system and/or accessory through a customer agreement for a term of 10, 15 or 25 years. The following table presents the detail of customer notes receivable as recorded in the consolidated balance sheets and the corresponding fair values:



	As of December 31,
	2023		2022
	(in thousands)
Customer notes receivable	$	4,029,025	$	2,662,307
Allowance for credit losses	(116,477)		(81,248)
Customer notes receivable, net	$	3,912,548	$	2,581,059
Estimated fair value, net	$	3,800,754	$	2,554,948

The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	81,248	$	41,138
Provision for current expected credit losses		35,229		40,074

Recoveries		—		36

Balance at end of period		$	116,477	$	81,248

As of December 31, 2023 and 2022, we invested $159.1 million and $382.6 million, respectively, in loan solar energy systems, energy storage systems and accessories not yet placed in service. For the years ended December 31, 2023 and 2022, interest income related to our customer notes receivable was $98.8 million and $56.4 million, respectively. As of December 31, 2023 and 2022, accrued interest receivable related to our customer notes receivable was $14.3 million and $10.2 million, respectively. As of December 31, 2023 and 2022, there was $34.2 million and $12.6 million, respectively, of customer notes receivable not accruing interest and there was $754,000 and $278,000, respectively, of allowance recorded for loans on nonaccrual status. For the years ended December 31, 2023 and 2022, interest income of $0 was recognized for loans on nonaccrual status and accrued interest receivable of $63,000 and $514,000, respectively, was written off by reversing interest income.

We consider the performance of our customer notes receivable portfolio and its impact on our allowance for credit losses. We also evaluate the credit quality based on the aging status and payment activity. The following table presents the aging of the amortized cost of customer notes receivable:



	As of December 31,
	2023		2022
	(in thousands)
1-90 days past due	$	164,150	$	91,668
91-180 days past due	40,428		16,859
Greater than 180 days past due	77,110		14,504
Total past due	281,688		123,031
Not past due	3,747,337		2,539,276
Total	$	4,029,025	$	2,662,307

As of December 31, 2023 and 2022, the amortized cost of our customer notes receivable more than 90 days past due but not on nonaccrual status was $83.3 million and $31.4 million, respectively. The following table presents the amortized cost by origination year of our customer notes receivable based on payment activity:


	Amortized Cost by Origination Year
	2023		2022		2021		2020		2019		Prior		Total
	(in thousands)
Payment performance:
Performing	$	1,482,469	$	1,339,528	$	692,995	$	212,119	$	109,781	$	115,023	$	3,951,915
Nonperforming (1)	8,612		30,877		19,148		5,491		4,792		8,190		77,110
Total	$	1,491,081	$	1,370,405	$	712,143	$	217,610	$	114,573	$	123,213	$	4,029,025

(1) A nonperforming loan is a loan in which the customer is in default and has not made any scheduled principal or interest payments for 181 days or more.

Investments in Solar Receivables	12 Months Ended
Investments in Solar Receivables	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Investments In Solar Receivables	Investments in Solar Receivables In November 2021, one of our wholly-owned subsidiaries entered into a Master Lease Agreement (the "EAH Master Lease") with Energy Asset HoldCo LLC, a Delaware limited liability company and subsidiary of Lennar ("EAH Lessor"), to lease two pools of solar energy systems and assume the related PPA and lease obligations from EAH Lessor. In exchange for the right to receive future customer cash flows as well as certain credits, rebates and incentives (including SRECs) under those pooled agreements, we made an upfront payment to Lennar consisting of $35.0 million in initial cash consideration and 1,027,409 shares of our common stock for net consideration of $79.4 million. Pursuant to the terms of the EAH Master Lease, additional pools of solar energy systems may also be leased from EAH Lessor in the future in exchange for upfront lease payments. We will evaluate additional systems on a quarterly basis and, if eligible, are required to tranche the systems under the EAH Master Lease until March 2025. We established criteria for eligibility that ensures each solar energy system is operational, in service, in good standing and no liens or encumbrances exist. We continue to provide all operations, maintenance and asset management services to EAH Lessor related to the leased solar energy systems. EAH Lessor's residual interest in the solar energy systems comes from any customer renewal exercised after the twentieth anniversary of the contract term of the customer agreement, the remainder of the useful life of the solar energy system after the termination of the customer agreement and any tax incentives (including Section 48(a) ITCs) associated with the ownership of the solar energy system. As the EAH Master Lease does not constitute or contain a lease under the criteria specified by ASC 842, the purchase of EAH Lessor's future revenue has been accounted for as an acquisition of financial assets and we have elected the fair value option under ASC 825. For the purposes of establishing the fair value of our investments in solar receivables, our analysis considers cash flows beginning in September 2021 (the effective date of the transaction). We estimated the fair value of our investments in solar receivables to be $84.3 million on the transaction date.

Long-Term Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

Our subsidiaries with long-term debt include Sunnova Energy Corporation, EZOP, HELII, RAYSI, HELIII, TEPH, SOLI, HELIV, AP8, SOLII, HELV, SOLIII, HELVI, HELVII, HELVIII, SOLIV, HELIX, HELX, IS, SOLV, HELXI, HELXII, AP9 and HESI. The following table presents the detail of long-term debt, net as recorded in the consolidated balance sheets:


	Year Ended December 31, 2023 Weighted Average Effective Interest Rates		As of December 31, 2023				Year Ended December 31, 2022 Weighted Average Effective Interest Rates		As of December 31, 2022
			Long-term		Current				Long-term		Current
	(in thousands, except interest rates)
SEI
0.25% convertible senior notes	0.71	%	$	575,000	$	—	0.71	%	$	575,000	$	—
2.625% convertible senior notes	3.03	%	600,000		—		3.11	%	600,000		—
Debt discount, net			(19,174)		—				(24,324)		—
Deferred financing costs, net			(748)		—				(920)		—
Sunnova Energy Corporation
Notes payable	7.07	%	—		3,084				—		—
5.875% senior notes	6.53	%	400,000		—		6.52	%	400,000		—
11.75% senior notes	12.02	%	400,000		—				—		—
Debt discount, net			(13,288)		—				(3,767)		—
Deferred financing costs, net			(12,119)		—				(7,339)		—
EZOP
Revolving credit facility	8.72	%	511,000		—		5.10	%	500,000		—
Debt discount, net			(302)		—				(532)		—
HELII
Solar asset-backed notes	5.64	%	194,933		9,065		5.69	%	204,016		8,632
Debt discount, net			(24)		—				(30)		—
Deferred financing costs, net			(2,926)		—				(3,591)		—
RAYSI
Solar asset-backed notes	5.55	%	105,096		6,349		5.54	%	105,878		9,957
Debt discount, net			(753)		—				(960)		—


Deferred financing costs, net			(3,004)	—			(3,451)	—
HELIII
Solar loan-backed notes	4.43	%	86,232	9,983	4.42	%	94,247	10,438
Debt discount, net			(1,250)	—			(1,536)	—
Deferred financing costs, net			(1,200)	—			(1,474)	—
TEPH
Revolving credit facility	10.03	%	1,036,600	—	7.74	%	425,700	—
Debt discount, net			(1,168)	—			(2,043)	—
SOLI
Solar asset-backed notes	3.91	%	335,874	12,965	3.92	%	348,962	16,063
Debt discount, net			(74)	—			(87)	—
Deferred financing costs, net			(5,769)	—			(6,827)	—
HELIV
Solar loan-backed notes	4.16	%	97,458	10,854	4.15	%	105,655	11,494
Debt discount, net			(417)	—			(564)	—
Deferred financing costs, net			(1,955)	—			(2,609)	—
AP8
Revolving credit facility	9.42	%	—	215,000	20.52	%	74,535	465
SOLII
Solar asset-backed notes	3.90	%	221,955	7,195	3.41	%	232,276	6,409
Debt discount, net			(56)	—			(64)	—
Deferred financing costs, net			(3,948)	—			(4,576)	—
HELV
Solar loan-backed notes	2.49	%	134,473	13,496	2.47	%	143,940	14,367
Debt discount, net			(540)	—			(690)	—
Deferred financing costs, net			(2,094)	—			(2,661)	—
SOLIII
Solar asset-backed notes	2.81	%	257,545	15,762	2.78	%	275,779	16,632
Debt discount, net			(102)	—			(117)	—
Deferred financing costs, net			(4,871)	—			(5,616)	—
HELVI
Solar loan-backed notes	2.10	%	159,901	13,521	2.08	%	167,669	16,770
Debt discount, net			(32)	—			(40)	—
Deferred financing costs, net			(2,345)	—			(2,909)	—
HELVII
Solar loan-backed notes	2.53	%	123,494	10,221	2.50	%	126,856	16,058
Debt discount, net			(31)	—			(38)	—
Deferred financing costs, net			(1,797)	—			(2,193)	—
HELVIII
Solar loan-backed notes	3.62	%	243,020	19,995	3.54	%	250,014	31,099
Debt discount, net			(4,355)	—			(5,267)	—
Deferred financing costs, net			(3,395)	—			(4,080)	—
SOLIV
Solar asset-backed notes	5.90	%	325,612	8,464	5.76	%	338,251	8,080
Debt discount, net			(9,440)	—			(11,190)	—
Deferred financing costs, net			(6,759)	—			(7,996)	—
HELIX
Solar loan-backed notes	5.64	%	196,174	15,246	5.46	%	193,837	29,632
Debt discount, net			(3,027)	—			(3,589)	—
Deferred financing costs, net			(2,798)	—			(3,303)	—
HELX
Solar loan-backed notes	7.38	%	200,842	19,996	6.23	%	162,301	18,335
Debt discount, net			(17,015)	—			(12,459)	—
Deferred financing costs, net			(3,064)	—			(3,319)	—
IS


Revolving credit facility	8.90	%	31,300		—		—		—

SOLV
Solar asset-backed notes	6.93	%	312,844		7,775		—		—
Debt discount, net			(15,491)		—		—		—
Deferred financing costs, net			(6,682)		—		—		—
HELXI
Solar loan-backed notes	6.29	%	247,251		31,240		—		—
Debt discount, net			(12,007)		—		—		—
Deferred financing costs, net			(5,195)		—		—		—
HELXII
Solar loan-backed notes	6.71	%	210,263		26,661		—		—
Debt discount, net			(13,065)		—		—		—
Deferred financing costs, net			(4,135)		—		—		—
AP9
Revolving credit facility	19.30	%	12,118		—		—		—
Debt discount, net			(572)		—		—		—
HESI
Solar loan-backed notes	10.94	%	213,432		26,625		—		—
Debt discount, net			(7,616)		—		—		—
Deferred financing costs, net			(7,058)		—		—		—





Total			$	7,030,756	$	483,497	$	5,194,755	$	214,431

Availability. As of December 31, 2023, we had $733.0 million of available borrowing capacity under our various financing arrangements, consisting of $364.0 million under the EZOP revolving credit facility, $272.4 million under the TEPH revolving credit facility, $18.7 million under the IS revolving credit facility, $52.9 million under the AP9 revolving credit facility and $25.0 million under the BMB revolving credit facility. There was no available borrowing capacity under any of our other financing arrangements. As of December 31, 2023, we were in compliance with all debt covenants under our financing arrangements.

Weighted Average Effective Interest Rates. The weighted average effective interest rates disclosed in the table above are the weighted average stated interest rates for each debt instrument plus the effect on interest expense for other items classified as interest expense, such as the amortization of deferred financing costs, amortization of debt discounts and commitment fees on unused balances for the period of time the debt was outstanding during the indicated periods.

SEI Debt. In May 2021, we issued and sold an aggregate principal amount of $575.0 million of our 0.25% convertible senior notes ("0.25% convertible senior notes") in a private placement at a discount to the initial purchasers of 2.5%, for an aggregate purchase price of $560.6 million. The 0.25% convertible senior notes mature in December 2026 unless earlier redeemed, repurchased or converted. In connection with the pricing of the 0.25% convertible senior notes, we used proceeds of $91.7 million to enter into privately negotiated capped call transactions, which are expected to reduce the potential dilution to common shares and/or offset potential cash payments that could be required to be made in excess of the principal amount upon any exchange of notes. Such reduction and/or offset is subject to a cap initially equal to $60.00 per share, subject to adjustments. The capped call transactions cover, subject to customary adjustments, the number of shares of our common stock initially underlying the 0.25% convertible senior notes. As the capped call transactions meet certain accounting criteria, they are classified as stockholders' equity and therefore, are recorded in additional paid-in capital—common stock in the consolidated balance sheet and are not accounted for as derivatives.

In August 2022, we issued and sold an aggregate principal amount of $600.0 million of our 2.625% convertible senior notes ("2.625% convertible senior notes") in a private placement at a discount to the initial purchasers of 2.5%, for an aggregate purchase price of $585.0 million. The 2.625% convertible senior notes mature in February 2028 unless earlier redeemed, repurchased or converted. In connection with the pricing of the 2.625% convertible senior notes, we used proceeds of $48.4 million to enter into privately negotiated capped call transactions, which are expected to reduce the potential dilution to common shares and/or offset potential cash payments that could be required to be made in excess of the principal amount upon any exchange of notes. Such reduction and/or offset is subject to a cap initially equal to $34.24 per share, subject to adjustments. The capped call transactions cover, subject to customary adjustments, the number of shares of our common stock initially underlying the 2.625% convertible senior notes. As the capped call transactions meet certain accounting criteria, they are classified as stockholders' equity and therefore, are recorded in additional paid-in capital—common stock in the consolidated balance sheet and are not accounted for as derivatives.

Sunnova Energy Corporation Debt. In August 2021, Sunnova Energy Corporation issued and sold an aggregate principal amount of $400.0 million of 5.875% senior notes ("5.875% senior notes") at a discount to the initial purchasers of approximately 1.24%, for an aggregate purchase price of $395.0 million. The 5.875% senior notes mature in September 2026 and are initially guaranteed on a senior unsecured basis by SEI and a wholly-owned subsidiary of Sunnova Energy Corporation. In June 2023, Sunnova Energy Corporation entered into an arrangement to finance $6.8 million of insurance premiums at an annual interest rate of 7.24% over ten months. In August 2023, Sunnova Energy Corporation entered into an arrangement to finance $1.5 million of insurance premiums at an annual interest rate of 7.49% over ten months. In September 2023, Sunnova Energy Corporation entered into an arrangement to finance $1.9 million of insurance premiums at an annual interest rate of 7.49% over nine months. In September 2023, Sunnova Energy Corporation issued and sold an aggregate principal amount of $400.0 million of 11.75% senior notes ("11.75% senior notes") at a discount to the initial purchasers of approximately 2.74%, for an aggregate purchase price of approximately $389.0 million. The 11.75% senior notes mature in October 2028 and are initially guaranteed on a senior unsecured basis by SEI and a wholly-owned subsidiary of Sunnova Energy Corporation.

EZOP Debt. In April 2017, EZOP, a special purpose entity, entered into a secured revolving credit facility with Credit Suisse AG, New York Branch, as agent, and the lenders party thereto, for an aggregate commitment amount of $100.0 million with a maturity date of April 2019. In August 2017, the aggregate commitment amount was reduced to $70.0 million and in March 2019, the aggregate commitment amount was increased to $200.0 million. The EZOP revolving credit facility allows for the pooling and transfer of eligible loans on a non-recourse basis subject to certain limited exceptions. The proceeds of the loans under the EZOP revolving credit facility are available to purchase or otherwise acquire loans (which we originated) directly from Sunnova Asset Portfolio 7 Holdings, LLC ("AP7H") pursuant to a sale and contribution agreement, fund certain reserve accounts that are required to be maintained by EZOP in accordance with the EZOP revolving credit agreement and pay fees and expenses incurred in connection with the EZOP revolving credit facility. The amount available for borrowings at any one time under the EZOP revolving credit facility is limited to a borrowing base amount determined at each borrowing and calculated based on the aggregate solar loan balance of eligible solar loans of EZOP multiplied by the weighted average advance rate.

Interest on the borrowings under the EZOP revolving credit facility is due monthly. Borrowings under the EZOP revolving credit facility bear interest at an annual rate equal to the weighted-average cost to the lender of any commercial paper (to the extent the lender funds an advance by issuing commercial paper) plus 3.50% during the commitment availability period and 4.50% after the commitment availability period. The EZOP revolving credit facility requires EZOP to pay a fee based on the daily unused portion of the commitments under the EZOP revolving credit facility. Payments from the loans will be deposited into accounts established pursuant to the EZOP revolving credit facility and applied in accordance with a cash waterfall in the manner specified in the EZOP revolving credit facility. EZOP is also required to maintain certain reserve accounts for the benefit of the lenders under the EZOP revolving credit facility, each of which must remain funded at all times to the levels specified in the credit agreement. In connection with the EZOP revolving credit facility, certain of our affiliates receive a fee for managing and servicing the solar loan agreements and related solar energy systems pursuant to management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the manager's obligations to manage the solar loan agreements and related solar energy systems pursuant to the management agreement, (b) the servicer's obligations to service the solar loan agreements and related solar energy systems pursuant to the servicing agreement, (c) AP7H's obligations to repurchase or substitute certain ineligible solar loans sold to EZOP pursuant to certain sale and contribution agreements and (d) certain indemnification obligations related to its affiliates in connection with the EZOP revolving credit facility, but does not provide a general guarantee of the creditworthiness of the assets of EZOP pledged as the collateral for the EZOP revolving credit facility. Under the limited guarantee, Sunnova Energy Corporation is subject to certain financial covenants regarding tangible net worth, working capital and restrictions on the use of proceeds from the EZOP revolving credit facility.

In March 2021, we amended the EZOP revolving credit facility to, among other things, (a) extend the maturity date to November 2023 and (b) increase the uncommitted maximum facility amount from $200.0 million to $350.0 million. In June 2022, we amended the EZOP revolving credit facility to, among other things, (a) extend the scheduled commitment termination date to May 2024, (b) extend the facility maturity date to November 2024, (c) increase the aggregate commitment amount from $200.0 million to $400.0 million, subject to reductions based on the outstanding principal balance of advances over certain time periods, (d) increase the uncommitted maximum facility amount from $350.0 million to $475.0 million, (e) modify the interest rate on borrowings from accruing based on the London interbank offered rate ("LIBOR") to accruing based on Term SOFR (as defined by such revolving credit facility), plus a Term SOFR (as defined by such revolving credit facility) spread adjustment, (f) add an amortization event related to certain of our subsidiaries ceasing to originate solar loans (subject to certain thresholds, time periods and exceptions set forth therein), (g) add concentration limits for solar loans (1) with obligors with credit scores below certain thresholds and (2) for which the original principal balance exceeds a certain threshold and (h) modify eligibility requirements for solar loans to increase the permitted maximum original principal balance. In July 2022, we amended the EZOP revolving credit facility to, among other things, increase the uncommitted maximum facility amount from $475.0 million to

$535.0 million until the earlier to occur of (a) September 29, 2022 and (b) the date upon which a specific sale of borrowing base assets and a related prepayment of outstanding debt thereunder occurs, upon the occurrence of which the uncommitted maximum facility amount will return to $475.0 million. In August 2022, we amended the EZOP revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $400.0 million to $450.0 million, (b) increase the uncommitted maximum facility amount from $535.0 million to $585.0 million, (c) amend certain provisions addressing the allocation of advances and principal payments among the lenders, (d) amend certain provisions addressing lender consent rights and related matters and (e) include certain provisions addressing service incentives and related matters. In September 2022, we amended the EZOP revolving credit facility to, among other things, (a) decrease the uncommitted maximum facility amount from $585.0 million to $575.0 million and (b) amend certain provisions related to the agent's allocation of certain payments made to the lenders.

In February 2023, we amended the EZOP revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $450.0 million to $675.0 million, (b) increase the uncommitted maximum facility amount from $575.0 million to $800.0 million, (c) amend certain provisions related to the allocation of certain payments made to the lenders, (d) amend certain provisions related to excess concentration limits and eligibility criteria to permit us and our affiliates to provide warranties of, and replacements for, load controllers and generators in connection with the related solar loan contracts and (e) add provisions to allow EZOP to request an increase in the aggregate commitment amount (subject to certain conditions) by adding additional lenders to the EZOP revolving credit facility. In February 2023, Credit Suisse AG ("Credit Suisse") sold a significant part of its Securitized Products Group (the "Credit Suisse Securitized Products Sale") to Apollo Global Management ("Apollo"). Subsequently, Apollo publicly announced the majority of the assets and professionals associated with the sale are now part of or managed by ATLAS SP Partners, a new stand-alone credit firm focused on asset-backed financing and capital markets solutions ("Atlas"). In March 2023, in connection with the Credit Suisse Securitized Products Sale, certain of our subsidiaries consented to the assignment of the loans and commitments of the Credit Suisse lenders to the Atlas lenders (such assignment, the "EZOP Assignment") under the EZOP revolving credit facility. In connection with the EZOP Assignment, Credit Suisse AG, New York Branch ("CSNYB") resigned as the agent under the EZOP revolving credit facility, Atlas Securitized Products Holdings, L.P. (the "Successor Agent") was appointed as the successor agent thereunder and, in connection with such appointment, the Successor Agent assumed the agent roles under the EZOP revolving credit facility. In connection with the appointment of Atlas as Successor Agent, the borrowers and the lenders party to the applicable agency resignation and appointment agreements consented to, among other things, Atlas' ability to assign the agent role under the EZOP revolving credit facility to one of its affiliates subject to certain conditions set forth therein. In March 2023, after the EZOP Assignment, we amended the EZOP revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $675.0 million to $775.0 million, (b) increase the uncommitted maximum facility amount from $800.0 million to $900.0 million, (c) amend and supplement certain defaulting lender provisions and (d) update the references from CSNYB, the predecessor agent, to Atlas, the successor agent, and remove or modify certain provisions related to the borrowing, funding and allocation of payments among the previous lender syndicate (that previously included lenders affiliated with Credit Suisse that, prior to the date of the amendment to the EZOP revolving credit facility and pursuant to the EZOP Assignment, had assigned their loans and commitments to lenders affiliated with Atlas). In August 2023, we amended and restated the EZOP revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $775.0 million to $875.0 million, (b) increase the uncommitted maximum facility amount from $900.0 million to $1.0 billion, (c) extend the maturity date from November 2024 to November 2025 and (d) amend the Advance Rate (as defined therein). In October 2023, we amended the EZOP revolving credit facility to, among other things, reallocate commitments among the lenders.

HELII Debt. In November 2018, we pooled and transferred eligible solar energy systems and the related asset receivables into HELII, a special purpose entity, that issued $202.0 million in aggregate principal amount of Series 2018-1 Class A solar asset-backed notes and $60.7 million in aggregate principal amount of Series 2018-1 Class B solar asset-backed notes (collectively, the "HELII Notes") with a maturity date of July 2048. The HELII Notes were issued at a discount of 0.02% for Class A and 0.02% for Class B and bear interest at an annual rate equal to 4.87% and 7.71% for the Class A and Class B notes, respectively. The cash flows generated by these solar energy systems are used to service the semi-annual principal and interest payments on the HELII Notes and satisfy HELII's expenses, and any remaining cash can be distributed to Helios Depositor II, LLC, HELII's sole member. In connection with the HELII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the manager's obligations to manage the solar energy systems pursuant to the management agreement, (b) the servicer's obligations to service the solar energy systems pursuant to the servicing agreement and (c) Sunnova ABS Holdings, LLC's obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to HELII pursuant to the sale and contribution agreement. HELII is also required to maintain certain reserve accounts for the benefit of the holders of the HELII Notes, each of which must remain funded at all times to the levels specified in the HELII Notes. The indenture requires HELII to track the DSCR of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest

and scheduled principal due on the HELII Notes as of such date with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the HELII Notes have no recourse to our other assets except as expressly set forth in the HELII Notes.

RAYSI Debt. In March 2019, we pooled and transferred eligible solar energy systems and the related asset receivables into RAYSI, a special purpose entity, that issued $118.1 million in aggregate principal amount of Series 2019-1 Class A solar asset-backed notes with a maturity date of April 2044 and $15.0 million in aggregate principal amount of Series 2019-1 Class B solar asset-backed notes with a maturity date of April 2034. The notes were issued with no discount for Class A and at a discount of 6.50% for Class B and bear interest at an annual rate equal to 4.95% and 6.35% for the Class A and Class B notes, respectively. In June 2019, RAYSI issued $6.4 million in aggregate principal amount of 2019-2 Class B solar asset-backed notes with a maturity date of April 2034 pursuant to a supplemental note purchase agreement at a discount rate of 10.50% and bear interest at an annual rate equal to 6.35%. The notes issued by RAYSI are referred to as the "RAYSI Notes". The cash flows generated by these solar energy systems are used to service the semi-annual principal and interest payments on the RAYSI Notes and satisfy RAYSI's expenses, and any remaining cash can be distributed to Sunnova RAYS Depositor II, LLC, RAYSI's sole member. In connection with the RAYSI Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management, servicing, facility administration and asset management agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management, servicing, facility administration and asset management agreements, (b) the managing member's obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to RAYSI pursuant to the related sale and contribution agreement. RAYSI is also required to maintain certain reserve accounts for the benefit of the holders of the RAYSI Notes, each of which must remain funded at all times to the levels specified in the RAYSI Notes. The indenture requires RAYSI to track the DSCR of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the RAYSI Notes as of such date with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The indenture contains cross-default provisions under which a material default by (a) RAYSI or (b) a tax equity fund under the applicable tax equity transaction documents would, upon the expiration of certain time periods, result in an event of default under the RAYSI indenture. The holders of the RAYSI Notes have no recourse to our other assets except as expressly set forth in the RAYSI Notes.

HELIII Debt. In June 2019, we pooled and transferred eligible solar loans and the related receivables into HELIII, a special purpose entity, that issued $139.7 million in aggregate principal amount of Series 2019-A Class A solar loan-backed notes, $14.9 million in aggregate principal amount of Series 2019-A Class B solar loan-backed notes and $13.0 million in aggregate principal amount of Series 2019-A Class C solar loan-backed notes (collectively, the "HELIII Notes") with a maturity date of June 2046. The HELIII Notes were issued at a discount of 0.03% for Class A, 0.01% for Class B and 0.03% for Class C and bear interest at an annual rate of 3.75%, 4.49% and 5.32% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the semi-annual principal and interest payments on the HELIII Notes and satisfy HELIII's expenses, and any remaining cash can be distributed to Sunnova Helios III Depositor, LLC, HELIII's sole member. In connection with the HELIII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements, (b) the managing member's obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELIII pursuant to the related sale and contribution agreement. HELIII is also required to maintain certain reserve accounts for inverter replacement and a capitalized interest reserve account for the benefit of the holders of the HELIII Notes, each of which must remain funded at all times to the levels specified in the HELIII Notes. The holders of the HELIII Notes have no recourse to our other assets except as expressly set forth in the HELIII Notes.

TEPH Debt. In September 2019, TEPH, a wholly-owned subsidiary of SEI, entered into a revolving credit facility with Credit Suisse AG, New York Branch, as administrative agent, and the lenders party thereto, for an aggregate committed amount of $100.0 million with a maturity date of November 2022. The TEPH revolving credit facility allows for borrowings based on the aggregate value of solar assets owned by subsidiaries of TEPH subject to certain excess concentration limitations. The proceeds from the TEPH revolving credit facility are available for funding certain reserve accounts required by the TEPH revolving credit facility, making distributions to the parent of TEPH and paying fees incurred in connection with closing the TEPH revolving credit facility. The TEPH revolving credit facility is non-recourse to SEI and is secured by net cash flows from PPAs and leases available to the borrower after distributions to tax equity investors and payment of certain operating, maintenance and other expenses. Sunnova Energy Corporation guarantees the performance of certain affiliates who manage the collateral related to the TEPH revolving credit facility as well as certain indemnity and repurchase obligations. Under the limited guarantee, Sunnova Energy Corporation is subject to certain financial covenants regarding tangible net worth, working

capital and restrictions on the use of proceeds from the facility. In addition, TEPH's obligations under the TEPH revolving credit facility are guaranteed by certain subsidiaries of TEPH. Borrowings under the TEPH revolving credit facility are made in Class A loans and Class B loans. The TEPH revolving credit facility has an advance rate equal to approximately 60% of the value of the solar projects in the portfolio that have not yet begun construction and 80% of the value of the solar projects that have reached substantial completion. Interest on the borrowings under the TEPH revolving credit facility is due quarterly. Borrowings under the TEPH revolving credit facility initially bore interest at an annual rate of either LIBOR divided by a percentage equal to 100% minus a reserve percentage or a base rate (defined as, for any day, a rate of interest per annum equal to the highest of (a) the prime rate for such day and (b) the sum of the weighted average of the rates on overnight federal funds transactions with members of the federal reserve system arranged by federal funds brokers as published for such day plus 0.50%), plus a margin of between 2.90% and 4.30%, which varies based on criteria including (a) whether the availability period has expired, (b) whether a takeout transaction has occurred in the last 18 months and (c) the ratio of Class A loans to Class B loans outstanding at such time.

In January 2021, we amended the TEPH revolving credit facility to, among other things, (a) permit certain transactions in SRECs (or proceeds therefrom) and related hedging arrangements and exclude certain of such amounts from the calculation of net cash flow available to service the indebtedness and (b) allow for borrowings with respect to certain ancillary components. In September 2021, we amended the TEPH revolving credit facility to, among other things, modify the hedging requirements to be based on borrowing capacity until March 2022, rather than amount currently borrowed. In October 2021, we amended the TEPH revolving credit facility to, among other things, update the LIBOR transition terms and transfer a portion of the loan commitment to an additional lender. In September 2022, we amended the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $460.7 million to $564.7 million, (b) increase the uncommitted maximum facility amount from $600.0 million to $639.7 million, (c) extend the facility maturity date to November 2024, (d) amend certain excess concentration limitations, (e) replace LIBOR with Term SOFR (as defined by such revolving credit facility) as the interest rate benchmark and include benchmark replacement provisions and (f) include certain provisions addressing grid services revenue and related matters. In October 2022, we amended the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $564.7 million to $600.0 million and (b) increase the uncommitted maximum facility amount from $639.7 million to $689.7 million.

In March 2023, in connection with the Credit Suisse Securitized Products Sale, certain of our subsidiaries consented to the assignment of the loans and commitments of the Credit Suisse lenders to the Atlas lenders (such assignment, the "TEPH Assignment") under the TEPH revolving credit facility. In connection with the TEPH Assignment, CSNYB resigned as the agent under the TEPH revolving credit facility, Atlas was appointed as the successor agent thereunder and, in connection with such appointment, the Successor Agent assumed the agent roles under the TEPH revolving credit facility. In connection with the appointment of Atlas as Successor Agent, the borrowers and the lenders party to the applicable agency resignation and appointment agreements consented to, among other things, Atlas' ability to assign the agent role under the TEPH revolving credit facility to one of its affiliates subject to certain conditions set forth therein. In March 2023, after the TEPH Assignment, we amended the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $600.0 million to $700.0 million, (b) increase the uncommitted maximum facility amount from $689.7 million to $789.7 million, (c) add provisions to allow TEPH to request an increase in the aggregate commitment amount (subject to certain conditions) by adding additional lenders to the TEPH revolving credit facility, (d) amend and supplement certain defaulting lender provisions, (e) modify the hedging provisions to give all hedge counterparties the benefit of certain payment priorities and certain other terms previously limited to qualifying hedge counterparties (as defined by such revolving credit facility), to extend the time period for the event of default resulting from hedge counterparties ceasing to be qualifying hedge counterparties and to make other hedge-related amendments, (f) update the references from CSNYB, the predecessor administrative agent, to Atlas, the successor administrative agent, and remove or modify certain provisions related to the borrowing, funding and allocation of payments among the previous lender syndicate (that previously included lenders affiliated with Credit Suisse that, prior to the date of the amendment to the TEPH revolving credit facility and pursuant to the TEPH Assignment, had assigned their loans and commitments to lenders affiliated with Atlas), (g) add European Union bail-in provisions and (h) add certain syndication-related provisions. In August 2023, we amended the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $700.0 million to $769.3 million, (b) increase the uncommitted maximum facility amount from $789.7 million to $859.0 million and (c) extend the maturity date from November 2024 to November 2025. In November 2023, we amended and restated the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $769.3 million to $1.309 billion and (b) increase the uncommitted maximum facility amount from $859.0 million to $1.575 billion. In December 2023, an additional lender joined the TEPH revolving credit facility and the aggregate commitment amount was increased from $1.309 billion to $1.311 billion.

SOLI Debt. In February 2020, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLI, a special purpose entity, that issued $337.1 million in aggregate principal amount of Series 2020-1 Class A solar asset-backed notes and $75.4 million in aggregate principal amount of Series 2020-1 Class B solar

asset-backed notes (collectively, the "SOLI Notes") with a maturity date of January 2055. The SOLI Notes were issued at a discount of 0.89% for Class A and 0.85% for Class B and bear interest at an annual rate equal to 3.35% and 5.54% for the Class A and Class B notes, respectively. The cash flows generated by the solar energy systems of SOLI's subsidiaries are used to service the quarterly principal and interest payments on the SOLI Notes and satisfy SOLI's expenses, and any remaining cash can be distributed to Sunnova Sol Depositor, LLC, SOLI's sole member. In connection with the SOLI Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and managing and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management, servicing and transaction management agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLI pursuant to the sale and contribution agreement. SOLI is also required to maintain certain reserve accounts for the benefit of the holders of the SOLI Notes, each of which must remain funded at all times to the levels specified in the SOLI Notes. The indenture requires SOLI to track the DSCR of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLI Notes as of such date with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLI Notes have no recourse to our other assets except as expressly set forth in the SOLI Notes.

HELIV Debt. In June 2020, we pooled and transferred eligible solar loans and the related receivables into HELIV, a special purpose entity, that issued $135.9 million in aggregate principal amount of Series 2020-A Class A solar loan-backed notes and $22.6 million in aggregate principal amount of Series 2020-A Class B solar loan-backed notes (collectively, the "HELIV Notes") with a maturity date of June 2047. The HELIV Notes were issued at a discount of 0.01% for Class A and 4.18% for Class B and bear interest at an annual rate of 2.98% and 7.25% for the Class A and Class B notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELIV Notes and satisfy HELIV's expenses, and any remaining cash can be distributed to Sunnova Helios IV Depositor, LLC, HELIV's sole member. In connection with the HELIV Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELIV pursuant to the related sale and contribution agreement. HELIV is also required to maintain certain reserve accounts for the benefit of the holders of the HELIV Notes, each of which must be funded at all times to the levels specified in the HELIV Notes. The holders of the HELIV Notes have no recourse to our other assets except as expressly set forth in the HELIV Notes.

AP8 Debt. In September 2020, AP8 entered into a secured revolving credit facility with Banco Popular de Puerto Rico, as agent, and the lenders party thereto, for an aggregate committed amount of $60.0 million with a maturity date of September 2023. The proceeds of the loans under the AP8 revolving credit facility were initially available to purchase or otherwise acquire solar loans, fund a reserve account that is required to be maintained by AP8 in accordance with the credit agreement and pay fees and expenses incurred in connection with the AP8 revolving credit facility. The amount available for borrowings at any one time under the AP8 revolving credit facility was initially limited to a borrowing base amount determined at each borrowing and calculated based on a specified advance rate applied to the net outstanding principal balance of the solar loans securing the AP8 revolving credit facility. After giving effect to the amendments described below, interest on the borrowings under the AP8 revolving credit facility is due quarterly. Borrowings under the AP8 revolving credit facility bear interest at an annual rate based on Term SOFR (as defined by such revolving credit facility).

In connection with the AP8 revolving credit facility, certain of our affiliates receive a fee for managing and servicing the solar loan agreements and related solar energy systems pursuant to management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the manager's obligations to manage the solar loan agreements and related solar energy systems pursuant to the management agreement, (b) the servicer's obligations to service the solar loan agreements and related solar energy systems pursuant to the servicing agreement, (c) Sunnova Asset Portfolio 8 Holdings, LLC's obligations to repurchase or substitute certain ineligible solar loans sold to AP8 pursuant to certain sale and contribution agreements, (d) the obligation of AP8 to cure any condition that has caused a solar asset to become a defective solar asset or pay certain liquidated damages, (e) the performance by AP8 of certain obligations in respect of its role as managing member of the financing funds under the credit agreement, (f) certain indemnification obligations related to its affiliates in connection with the AP8 revolving credit facility and (g) the obligation of AP8 under the AP8 revolving credit facility to the extent a default is caused by a misappropriation of funds or certain insolvency events related to AP8, but does not provide a general guarantee of the creditworthiness of the assets of AP8 pledged as the collateral for the AP8 revolving credit facility. Under the limited guarantee, Sunnova Energy Corporation is subject to certain financial covenants regarding tangible net worth, working capital and

restrictions on the use of proceeds from the AP8 revolving credit facility. In addition, AP8's obligations under the AP8 revolving credit facility are guaranteed by certain subsidiaries of AP8.

In November 2022, we amended the AP8 revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $60.0 million to $75.0 million, (b) extend the facility maturity date from September 2023 to September 2024, (c) add provisions to permit the borrower to acquire and own managing members of financing funds and related covenants regarding the ownership of such managing members of financing funds, (d) add the ability to borrow against solar assets, including amending the definition of "Borrowing Base" and related provisions and covenants to account for solar assets, (e) amend the eligibility criteria, concentration limits and amortization events for solar loans and the addition of solar assets, (f) replace LIBOR with Term SOFR (as defined by such revolving credit facility) as the interest rate benchmark and include benchmark replacement provisions, (g) amend the interest rate on borrowings to an annual rate of Term SOFR (as defined by such revolving credit facility) plus 3.00%, with interest payments being due quarterly and (h) include certain provisions addressing grid services revenue, service incentives, service incentives rebates and related matters. In March 2023, we amended the AP8 revolving credit facility to, among other things, increase the aggregate commitment amount from $75.0 million to $150.0 million. In June 2023, we amended the AP8 revolving credit facility to, among other things, increase the aggregate commitment amount from $150.0 million to $185.0 million. In August 2023, we amended the AP8 revolving credit facility to, among other things, increase the aggregate commitment amount from $185.0 million to $215.0 million. We believe we will be able to satisfy this obligation due in September 2024 through refinancing of the facility or alternatively through the use of our existing cash resources and liquidity.

SOLII Debt. In November 2020, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLII, a special purpose entity, that issued $209.1 million in aggregate principal amount of Series 2020-2 Class A solar asset-backed notes and $45.6 million in aggregate principal amount of Series 2020-2 Class B solar asset-backed notes (collectively, the "SOLII Notes") with a maturity date of November 2055. The SOLII Notes were issued at a discount of 0.03% for Class A and 0.05% for Class B and bear interest at an annual rate equal to 2.73% and 5.47% for the Class A and Class B notes, respectively. The cash flows generated by the solar energy systems of SOLII's subsidiaries are used to service the quarterly principal and interest payments on the SOLII Notes and satisfy SOLII's expenses, and any remaining cash can be distributed to Sunnova Sol II Depositor, LLC, SOLII's sole member. In connection with the SOLII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and managing and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management, servicing and transaction management agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLII pursuant to the sale and contribution agreement. SOLII is also required to maintain certain reserve accounts for the benefit of the holders of the SOLII Notes, each of which must remain funded at all times to the levels specified in the SOLII Notes. The indenture requires SOLII to track the DSCR of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLII Notes as of such date with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLII Notes have no recourse to our other assets except as expressly set forth in the SOLII Notes.

HELV Debt. In February 2021, we pooled and transferred eligible solar loans and the related receivables into HELV, a special purpose entity, that issued $150.1 million in aggregate principal amount of Series 2021-A Class A solar loan-backed notes and $38.6 million in aggregate principal amount of Series 2021-A Class B solar loan-backed notes (collectively, the "HELV Notes") with a maturity date of February 2048. The HELV Notes were issued at a discount of 0.001% for Class A and 2.487% for Class B and bear interest at an annual rate of 1.80% and 3.15% for the Class A and Class B notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELV Notes and satisfy HELV's expenses, and any remaining cash can be distributed to Sunnova Helios V Depositor, LLC, HELV's sole member. In connection with the HELV Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELV pursuant to the related sale and contribution agreement. HELV is also required to maintain certain reserve accounts for the benefit of the holders of the HELV Notes, each of which must be funded at all times to the levels specified in the HELV Notes. The holders of the HELV Notes have no recourse to our other assets except as expressly set forth in the HELV Notes.

SOLIII Debt. In June 2021, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLIII, a special purpose entity, that issued $319.0 million in aggregate principal amount of

Series 2021-1 solar asset-backed notes (the "SOLIII Notes") with a maturity date of April 2056. The SOLIII Notes were issued at a discount of 0.04% and bear interest at an annual rate equal to 2.58%. The cash flows generated by the solar energy systems of SOLIII's subsidiaries are used to service the quarterly principal and interest payments on the SOLIII Notes and satisfy SOLIII's expenses, and any remaining cash can be distributed to Sunnova Sol III Depositor, LLC, SOLIII's sole member. In connection with the SOLIII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and managing and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management, servicing and transaction management agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLIII pursuant to the sale and contribution agreement. SOLIII is also required to maintain certain reserve accounts for the benefit of the holders of the SOLIII Notes, each of which must remain funded at all times to the levels specified in the SOLIII Notes. The indenture requires SOLIII to track the debt service coverage ratio (such ratio, the "DSCR") of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLIII Notes as of such date, with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLIII Notes have no recourse to our other assets except as expressly set forth in the SOLIII Notes.

HELVI Debt. In July 2021, we pooled and transferred eligible solar loans and the related receivables into HELVI, a special purpose entity, that issued $106.2 million in aggregate principal amount of Series 2021-B Class A solar loan-backed notes and $106.2 million in aggregate principal amount of Series 2021-B Class B solar loan-backed notes (collectively, the "HELVI Notes") with a maturity date of July 2048. The HELVI Notes were issued at a discount of 0.01% for Class A and 0.04% for Class B and bear interest at an annual rate of 1.62% and 2.01% for the Class A and Class B notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELVI Notes and satisfy HELVI's expenses, and any remaining cash can be distributed to Sunnova Helios VI Depositor, LLC, HELVI's sole member. In connection with the HELVI Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELVI pursuant to the related sale and contribution agreement. HELVI is also required to maintain certain reserve accounts for the benefit of the holders of the HELVI Notes, each of which must be funded at all times to the levels specified in the HELVI Notes. The holders of the HELVI Notes have no recourse to our other assets except as expressly set forth in the HELVI Notes.

HELVII Debt. In October 2021, we pooled and transferred eligible solar loans and the related receivables into HELVII, a special purpose entity, that issued $68.4 million in aggregate principal amount of Series 2021-C Class A solar loan-backed notes, $55.9 million in aggregate principal amount of Series 2021-C Class B solar loan-backed notes and $31.5 million in aggregate principal amount of Series 2021-C Class C solar loan-backed notes (collectively, the "HELVII Notes") with a maturity date of October 2048. The HELVII Notes were issued at a discount of 0.04% for Class A, 0.03% for Class B and 0.01% for Class C and bear interest at an annual rate of 2.03%, 2.33% and 2.63% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELVII Notes and satisfy HELVII's expenses, and any remaining cash can be distributed to Sunnova Helios VII Depositor, LLC, HELVII's sole member. In connection with the HELVII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELVII pursuant to the related sale and contribution agreement. HELVII is also required to maintain certain reserve accounts for the benefit of the holders of the HELVII Notes, each of which must be funded at all times to the levels specified in the HELVII Notes. The holders of the HELVII Notes have no recourse to our other assets except as expressly set forth in the HELVII Notes.

HELVIII Debt. In February 2022, we pooled and transferred eligible solar loans and the related receivables into HELVIII, a special purpose entity, that issued $131.9 million in aggregate principal amount of Series 2022-A Class A solar loan-backed notes, $102.2 million in aggregate principal amount of Series 2022-A Class B solar loan-backed notes and $63.8 million in aggregate principal amount of Series 2022-A Class C solar loan-backed notes (collectively, the "HELVIII Notes") with a maturity date of February 2049. The HELVIII Notes were issued at a discount of 1.55% for Class A, 2.23% for Class B and 2.62% for Class C and bear interest at an annual rate of 2.79%, 3.13% and 3.53% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELVIII Notes and satisfy HELVIII's expenses, and any remaining cash can be distributed to Sunnova Helios

VIII Depositor, LLC, HELVIII's sole member. In connection with the HELVIII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELVIII pursuant to the related sale and contribution agreement. HELVIII is also required to maintain certain reserve accounts for the benefit of the holders of the HELVIII Notes, each of which must be funded at all times to the levels specified in the HELVIII Notes. The holders of the HELVIII Notes have no recourse to our other assets except as expressly set forth in the HELVIII Notes.

SOLIV Debt. In June 2022, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLIV, a special purpose entity, that issued $317.0 million in aggregate principal amount of Series 2022-1 Class A solar asset-backed notes and $38.0 million in aggregate principal amount of Series 2022-1 Class B solar asset-backed notes (collectively, the "SOLIV Notes") with a maturity date of April 2057. The SOLIV Notes were issued at a discount of 3.55% and 2.10%, respectively, and bear interest at an annual rate equal to 4.95% and 6.35% for the Class A and Class B notes, respectively. The cash flows generated by the solar energy systems of SOLIV's subsidiaries are used to service the quarterly principal and interest payments on the SOLIV Notes and satisfy SOLIV's expenses, and any remaining cash can be distributed to Sunnova Sol IV Depositor, LLC, SOLIV's sole member. In connection with the SOLIV Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to a transaction management agreement and management and servicing agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLIV pursuant to the sale and contribution agreement. SOLIV is also required to maintain certain reserve accounts for the benefit of the holders of the SOLIV Notes, each of which must remain funded at all times to the levels specified in the SOLIV Notes. The indenture requires SOLIV to track the debt service coverage ratio (such ratio, the "DSCR") of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLIV Notes as of such date, with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLIV Notes have no recourse to our other assets except as expressly set forth in the SOLIV Notes.

HELIX Debt. In August 2022, we pooled and transferred eligible solar loans and the related receivables into HELIX, a special purpose entity, that issued $178.0 million in aggregate principal amount of Series 2022-B Class A solar loan-backed notes and $49.7 million in aggregate principal amount of Series 2022-B Class B solar loan-backed notes (collectively, the "HELIX Notes") with a maturity date of August 2049. The HELIX Notes were issued at a discount of 0.69% for Class A and 5.10% for Class B and bear interest at an annual rate of 5.00% and 6.00% for the Class A and Class B notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELIX Notes and satisfy HELIX's expenses, and any remaining cash can be distributed to Sunnova Helios IX Depositor, LLC, HELIX's sole member. In connection with the HELIX Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELIX pursuant to the related sale and contribution agreement. HELIX is also required to maintain certain reserve accounts for the benefit of the holders of the HELIX Notes, each of which must be funded at all times to the levels specified in the HELIX Notes. The holders of the HELIX Notes have no recourse to our other assets except as expressly set forth in the HELIX Notes.

HELX Debt. In November 2022, we pooled and transferred eligible solar loans and the related receivables into HELX, a special purpose entity, that issued $103.4 million in aggregate principal amount of Series 2022-C Class A solar loan-backed notes, $80.6 million in aggregate principal amount of Series 2022-C Class B solar loan-backed notes and $51.7 million in aggregate principal amount of Series 2022-C Class C solar loan-backed notes (collectively, the "HELX Notes") with a maturity date of November 2049. The HELX Notes were issued at a discount of 5.38% for Class A, 8.98% for Class B and 14.74% for Class C and bear interest at an annual rate of 5.30%, 5.60% and 6.00% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELX Notes and satisfy HELX's expenses, and any remaining cash can be distributed to Sunnova Helios X Depositor, LLC, HELX's sole member. In connection with the HELX Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain

ineligible solar loans eventually sold to HELX pursuant to the related sale and contribution agreement. HELX is also required to maintain certain reserve accounts for the benefit of the holders of the HELX Notes, each of which must be funded at all times to the levels specified in the HELX Notes. The holders of the HELX Notes have no recourse to our other assets except as expressly set forth in the HELX Notes.

IS Debt. In March 2023, IS entered into a secured revolving credit facility with Texas Capital Bank, as agent, and the lenders party thereto, for an aggregate commitment amount of $50.0 million with a maturity date of the earlier of (a) March 2026 and (b) six months from the latest maturity date of any material parent credit facility (defined as a parent credit facility with a commitment amount of $250.0 million or more that, if terminated could individually be expected to result in a liquidity event (as defined by the IS revolving credit facility)). The proceeds of the loans under the IS revolving credit facility are available to purchase or otherwise acquire certain accounts receivable and inventory, fund certain reserve accounts that are required to be maintained by IS in accordance with the revolving credit agreement and pay fees and expenses incurred in connection with the IS revolving credit facility. Interest on the borrowings under the IS revolving credit facility is due monthly. Borrowings under the IS revolving credit facility bear interest at an annual rate based on Term SOFR (as defined by the IS revolving credit facility).

SOLV Debt. In April 2023, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLV, a special purpose entity, that issued $300.0 million in aggregate principal amount of Series 2023-1 Class A solar asset-backed notes and $23.5 million in aggregate principal amount of Series 2023-1 Class B solar asset-backed notes (collectively, the "SOLV Notes") with a maturity date of April 2058. The SOLV Notes were issued at a discount of 5.01% and 11.63% for the Class A and Class B notes, respectively, and bear interest at an annual rate equal to 5.40% and 7.35% for the Class A and Class B notes, respectively. The cash flows generated by the solar energy systems of SOLV's subsidiaries are used to service the quarterly principal and interest payments on the SOLV Notes and satisfy SOLV's expenses, and any remaining cash can be distributed to Sunnova Sol V Depositor, LLC, SOLV's sole member. In connection with the SOLV Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to a transaction management agreement and management and servicing agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLV pursuant to the sale and contribution agreement. SOLV is also required to maintain certain reserve accounts for the benefit of the holders of the SOLV Notes, each of which must remain funded at all times to the levels specified in the SOLV Notes. The indenture requires SOLV to track the debt service coverage ratio (such ratio, the "DSCR") of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLV Notes as of such date, with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLV Notes have no recourse to our other assets except as expressly set forth in the SOLV Notes.

HELXI Debt. In May 2023, we pooled and transferred eligible solar loans and the related receivables into HELXI, a special purpose entity, that issued $174.9 million in aggregate principal amount of Series 2023-A Class A solar loan-backed notes, $80.1 million in aggregate principal amount of Series 2023-A Class B solar loan-backed notes and $31.7 million in aggregate principal amount of Series 2023-A Class C solar loan-backed notes (collectively, the "HELXI Notes") with a maturity date of May 2050. The HELXI Notes were issued at a discount of 2.57% for Class A, 5.31% for Class B and 13.56% for Class C and bear interest at an annual rate of 5.30%, 5.60% and 6.00% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELXI Notes and satisfy HELXI's expenses, and any remaining cash can be distributed to Sunnova Helios XI Depositor, LLC, HELXI's sole member. In connection with the HELXI Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELXI pursuant to the related sale and contribution agreement. HELXI is also required to maintain certain reserve accounts for the benefit of the holders of the HELXI Notes, each of which must be funded at all times to the levels specified in the HELXI Notes. The holders of the HELXI Notes have no recourse to our other assets except as expressly set forth in the HELXI Notes.

HELXII Debt. In August 2023, we pooled and transferred eligible solar loans and the related receivables into HELXII, a special purpose entity, that issued $148.5 million in aggregate principal amount of Series 2023-B Class A solar loan-backed notes, $71.1 million in aggregate principal amount of Series 2023-B Class B solar loan-backed notes and $23.1 million in aggregate principal amount of Series 2023-B Class C solar loan-backed notes (collectively, the "HELXII Notes") with a

maturity date of August 2050. The HELXII Notes were issued at a discount of 4.23% for Class A, 6.67% for Class B and 12.64% for Class C and bear interest at an annual rate of 5.30%, 5.60% and 6.00% for the Class A, Class B and Class C notes, respectively. The cash flows generated by these solar loans are used to service the monthly principal and interest payments on the HELXII Notes and satisfy HELXII's expenses, and any remaining cash can be distributed to Sunnova Helios XII Depositor, LLC, HELXII's sole member. In connection with the HELXII Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to management and service agreements. In addition, Sunnova Energy Corporation has guaranteed, among other things, (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to management and servicing agreements and (b) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar loans eventually sold to HELXII pursuant to the related sale and contribution agreement. HELXII is also required to maintain certain reserve accounts for the benefit of the holders of the HELXII Notes, each of which must be funded at all times to the levels specified in the HELXII Notes. The holders of the HELXII Notes have no recourse to our other assets except as expressly set forth in the HELXII Notes.

AP9 Debt. In September 2023, AP9 entered into a secured revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto, for an aggregate commitment amount of $65.0 million, subject to a borrowing base calculated based on the sum of a specified advance rate applied to the net aggregate balance of the home improvement loans securing the AP9 revolving credit facility, with a maturity date of October 2027. The proceeds of the loans under the AP9 revolving credit facility are available for funding the purchase of home improvement loans and the related home improvement assets, fund certain reserve accounts that are required to be maintained by AP9 in accordance with the AP9 revolving credit facility and pay fees and expenses incurred in connection with the AP9 revolving credit facility. Interest on the borrowings under the AP9 revolving credit facility is due monthly. Borrowings under the AP9 revolving credit facility bear interest at an annual rate based on Term SOFR (as defined by the AP9 revolving credit facility) plus a margin specific to each lender. In connection with the AP9 revolving credit facility, one of our affiliates receives a fee for servicing the home improvement loans and related home improvement assets pursuant to a servicing agreement. In addition, Sunnova Energy Corporation guarantees (a) the servicer's obligations to service the home improvement loans and related home improvement assets pursuant to the servicing agreement, (b) some of the obligations of Sunnova Asset Portfolio 9 Holdings, LLC, a Delaware limited liability company ("AP9H") pursuant to that certain sale and contribution agreement between AP9H and AP9, which include specified indemnity obligations and refund obligations for certain breaches of representations and warranties in respect of the home improvement loans, (c) AP9H's obligations to repurchase or substitute certain ineligible home improvement loans or cure a defective home improvement loan sold to AP9 pursuant to the sale and contribution agreement and (d) certain indemnification obligations related to its affiliates in connection with the AP9 revolving credit facility, but does not provide a general guarantee of AP9's obligations under the AP9 revolving credit facility or of the creditworthiness of the assets of AP9 pledged as the collateral for the AP9 revolving credit facility. Under the limited guarantee, Sunnova Energy Corporation is subject to certain financial covenants regarding tangible net worth, working capital and restrictions on the use of proceeds from the AP9 revolving credit facility. Obligations of AP9 under the AP9 revolving credit facility are secured by first priority liens on substantially all of the assets of AP9. Certain obligations of AP9H under the sale and contribution agreement are secured by a first priority lien on the equity of AP9 owned by AP9H.

HESI Debt. In October 2023, we entered into a note purchase agreement, which will indirectly benefit from a partial guarantee provided by the U.S. Department of Energy ("DOE") Loan Programs Office. The notes will not be directly guaranteed by the DOE. The offering consists of $219.6 million in aggregate principal amount of Series 2023-GRID1 Class A solar loan-backed notes and $24.4 million in aggregate principal amount of Series 2023-GRID1 Class B solar loan-backed notes (collectively, the "HESI Notes") with a maturity date of December 2050. The HESI Notes were issued at a discount of 2.46% for Class A and 9.40% for Class B and bear interest at an annual rate of 5.75% and 8.25% for the Class A and Class B notes, respectively.

BMB Debt. In December 2023, BMB, along with its two wholly-owned subsidiaries, entered into a secured revolving credit facility with Mitsubishi HC Capital America, Inc., as administrative agent, and the lenders party thereto from time to time, for an aggregate principal amount of up to $25.0 million with a maturity date, for each loan thereunder, as set forth in the BMB revolving credit facility and, in any event, no later than December 27, 2025 (after giving effect to any extension thereof pursuant to that aforementioned BMB revolving credit facility). The proceeds of the loans under the BMB revolving credit facility are available to, among other things, finance project costs related to commercial, industrial and other solar energy systems and energy storage systems owned by BMB or one of its subsidiaries or by a customer (each, a "Project"). The BMB revolving credit facility is also available to finance completed Projects. Interest on the borrowings under the BMB revolving credit facility is due monthly (or, in the case of borrowings for construction loans, paid in kind monthly). Borrowings under the BMB revolving credit facility bear interest at an annual rate (which can vary for different Projects) based on Term SOFR plus a specified margin or, in the case of certain term loans for completed Projects, a fixed margin. In connection with the BMB revolving credit facility, certain of our affiliates receive fees for managing and servicing the Projects pursuant to certain management and servicing agreements. In addition, Sunnova Energy Corporation guarantees the obligations of certain of its

affiliates under those certain management agreements, servicing agreements, a sale and contribution agreement and a development and purchase agreement, along with reasonable and documented out-of-pocket expenses incurred by BMB or the administrative agent in enforcing their respective rights thereunder, but does not provide a general guarantee of BMB's obligations under the BMB revolving credit facility or of the creditworthiness of the assets of BMB and its wholly-owned subsidiaries that are pledged as collateral for the BMB revolving credit facility. As of December 31, 2023, no borrowings have been made from the BMB revolving credit facility.

Fair Values of Long-Term Debt. The fair values of our long-term debt and the corresponding carrying amounts are as follows:



	As of December 31,
	2023				2022
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(in thousands)
SEI 0.25% convertible senior notes	$	575,000	$	528,927	$	575,000	$	511,733
SEI 2.625% convertible senior notes	600,000		582,463		600,000		574,693
Sunnova Energy Corporation notes payable	3,084		3,084		—		—
Sunnova Energy Corporation 5.875% senior notes	400,000		369,522		400,000		359,283
Sunnova Energy Corporation 11.75% senior notes	400,000		411,996		—		—
EZOP revolving credit facility	511,000		511,000		500,000		500,000
HELII solar asset-backed notes	203,998		198,590		212,648		206,045
RAYSI solar asset-backed notes	111,445		102,480		115,835		104,594
HELIII solar loan-backed notes	96,215		87,982		104,685		93,706
TEPH revolving credit facility	1,036,600		1,036,600		425,700		425,700
SOLI solar asset-backed notes	348,839		310,928		365,025		313,174
HELIV solar loan-backed notes	108,312		96,603		117,149		100,913
AP8 revolving credit facility	215,000		215,000		75,000		75,000
SOLII solar asset-backed notes	229,150		192,589		238,685		189,728
HELV solar loan-backed notes	147,969		132,533		158,307		135,408
SOLIII solar asset-backed notes	273,307		235,318		292,411		237,425
HELVI solar loan-backed notes	173,422		153,836		184,439		157,289
HELVII solar loan-backed notes	133,715		120,413		142,914		124,476
HELVIII solar loan-backed notes	263,015		241,599		281,113		252,483
SOLIV solar asset-backed notes	334,076		325,816		346,331		334,335
HELIX solar loan-backed notes	211,420		203,375		223,469		210,070
HELX solar loan-backed notes	220,838		221,655		180,636		183,165
IS revolving credit facility	31,300		31,300		—		—
SOLV solar asset-backed notes	320,619		317,481		—		—
HELXI solar loan-backed notes	278,491		275,323		—		—
HELXII solar loan-backed notes	236,924		242,091		—		—
AP9 revolving credit facility	12,118		12,118		—		—
HESI solar loan-backed notes	240,057		249,318		—		—


Total (1)	$	7,715,914	$	7,409,940	$	5,539,347	$	5,089,220

(1) Amounts exclude the net deferred financing costs (classified as debt) and net debt discounts of $201.7 million and $130.2 million as of December 31, 2023 and 2022, respectively.

For the notes payable, EZOP, TEPH, AP8, IS and AP9 debt, the estimated fair values approximate the carrying amounts primarily due to the variable nature of the interest rates of the underlying instruments. For the convertible senior notes, senior notes and the HELII, RAYSI, HELIII, SOLI, HELIV, SOLII, HELV, SOLIII, HELVI, HELVII, HELVIII, SOLIV, HELIX,

HELX, SOLV, HELXI, HELXII and HESI debt, we determined the estimated fair values based on an analysis of debt with similar book values, maturities and required market yields based on current interest rates.

Principal Maturities of Long-Term Debt. As of December 31, 2023, the principal maturities of our long-term debt were as follows:


	Principal Maturities of Long-Term Debt
	(in thousands)
2024	$	483,497
2025	1,782,383
2026	1,226,422
2027	222,438
2028	1,239,106
2029 and thereafter	2,762,068
Total	$	7,715,914

Derivative Instruments

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Interest Rate Swaps and Caps on EZOP Debt. During the years ended December 31, 2023 and 2022, EZOP entered into interest rate swaps and caps for an aggregate notional amount of $1.1 billion and $506.6 million, respectively, to economically hedge its exposure to the variable interest rates on a portion of the outstanding EZOP debt. No collateral was posted for the interest rate swaps and caps as they are secured under the EZOP revolving credit facility. In August 2023, the notional amount of the interest rate swaps and caps began decreasing to match EZOP's estimated monthly principal payments on the debt. During the years ended December 31, 2023 and 2022, EZOP unwound interest rate swaps and caps with an aggregate notional amount of $798.0 million and $360.2 million, respectively, and recorded a realized gain of $45.8 million and $22.9 million, respectively.

Interest Rate Swaps and Caps on TEPH Debt. During the years ended December 31, 2023 and 2022, TEPH entered into interest rate swaps and caps for an aggregate notional amount of $851.6 million and $524.9 million, respectively, to economically hedge its exposure to the variable interest rates on a portion of the outstanding TEPH debt. No collateral was posted for the interest rate swaps and caps as they are secured under the TEPH revolving credit facility. In October 2023, the notional amount of the interest rate swaps and caps began decreasing to match TEPH's estimated quarterly principal payments on the debt. During the years ended December 31, 2023 and 2022, TEPH unwound interest rate swaps and caps with an aggregate notional amount of $241.1 million and $515.4 million, respectively, and recorded a realized gain of $9.7 million and $28.3 million, respectively.

Interest Rate Swaps and Caps on AP8 Debt. During the years ended December 31, 2023 and 2022, AP8 entered into interest rate swaps and caps for an aggregate notional amount of $140.0 million and $75.0 million, respectively, to economically hedge its exposure to the variable interest rates on a portion of the outstanding AP8 debt. No collateral was posted for the interest rate swaps and caps as they are secured under the AP8 revolving credit facility. The notional amount of the interest rate swaps and caps is locked for the life of the contract. During the years ended December 31, 2023 and 2022, AP8 unwound interest rate swaps and caps with an aggregate notional amount of $0 and recorded a realized gain of $1.1 million and $0, respectively.

Interest Rate Swaps and Caps on AP9 Debt. During the years ended December 31, 2023 and 2022, AP9 entered into interest rate swaps and caps for an aggregate notional amount of $25.0 million and $0, respectively, to economically hedge its exposure to the variable interest rates on a portion of the outstanding AP9 debt. No collateral was posted for the interest rate swaps and caps as they are secured under the AP9 revolving credit facility. In September 2025, the notional amount of the interest rate swaps and caps will begin decreasing to match AP9's estimated monthly principal payments on the debt. During the years ended December 31, 2023 and 2022, AP9 unwound interest rate swaps and caps with an aggregate notional amount of $0 and recorded a realized gain of $62,000 and $0, respectively.

The following table presents a summary of the outstanding derivative instruments:



	As of December 31,
	2023					2022
	Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount		Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount
	(in thousands, except interest rates)
EZOP	July 2023 - December 2023	December 2028 - November 2035	2.000%	$	489,581	June 2022 - July 2022	July 2034	0.890%	$	489,477
TEPH	July 2022 - December 2023	October 2031 - October 2041	2.620% - 4.202%	994,403		July 2022 - December 2022	January 2035 - April 2041	1.520% - 2.630%	383,749
AP8	November 2022 - August 2023	September 2025	4.250%	215,000		November 2022	September 2025	4.250%	75,000
AP9	September 2023	September 2027	4.250%	25,000					—


Total				$	1,723,984				$	948,226

The following table presents the fair value of the interest rate swaps and caps as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Other assets	$	55,471	$	112,712

We did not designate the interest rate swaps and caps as hedging instruments for accounting purposes. As a result, we recognize changes in fair value immediately in interest expense, net. The following table presents the impact of the interest rate swaps and caps as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Realized (gain) loss		$	(56,623)	$	(51,207)	$	2,306
Unrealized (gain) loss		67,318		(19,451)		(4,874)
Total		$	10,695	$	(70,658)	$	(2,568)

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Our effective income tax rate is 0%, (3)% and 0% for the years ended December 31, 2023, 2022 and 2021, respectively. Total income tax differs from the amounts computed by applying the statutory income tax rate to loss before income tax primarily as a result of our valuation allowance. The sources of these differences are as follows:


	Year Ended December 31,
	2023			2022			2021
	(in thousands)
Loss before income tax	$	(503,449)		$	(126,390)		$	(147,250)
Statutory federal tax rate	21		%	21		%	21		%
Tax benefit computed at statutory rate	(105,724)			(26,542)			(30,923)

State income tax, net of federal benefit	14,804			(3,167)			(2,399)

Adjustments from permanent differences:
ITC sales	(15,893)			—			—



Redeemable noncontrolling interests and noncontrolling interests	17,738			(6,587)			1,970
ITC recapture	—			101			82
Other	4,179			1,992			1,054
Increase in valuation allowance, net	83,873			38,089			30,476
Total income tax (benefit) expense	$	(1,023)		$	3,886		$	260

State, federal and foreign income tax (benefit) expense is $(1.0) million, $3.9 million and $260,000 for the years ended December 31, 2023, 2022 and 2021, respectively. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) are as follows:



	As of December 31,
	2023		2022
	(tax effected, in thousands)
Federal net operating loss carryforward	$	238,447	$	261,837
State net operating loss carryforward	60,980		61,141
ITC carryforward	309,693		285,614
Foreign tax credit carryforward	18,087		—
Federal unused interest deduction carryforward	49,979		45,750
Equity-based compensation	22,935		16,701
Deferred revenue	7,433		6,123
Unrealized loss on derivatives	(17,119)		(32,459)
Investment in certain financing arrangements	150,476		154,635
Amortization of intangible assets	—		12,730
Other deferred tax assets	48,619		30,606
Deferred tax assets	889,530		842,678

Fixed asset basis difference	(627,290)		(394,082)
Intangible asset basis difference	(30,921)		(54,196)
Investment in certain financing arrangements	—		(135,181)
Other deferred tax liabilities	(4,259)		(7,095)
Deferred tax liabilities	(662,470)		(590,554)

Valuation allowance	(227,414)		(252,124)
Net deferred tax liability	$	(354)	$	—

A valuation allowance of $227.4 million and $252.1 million was recorded against our net deferred tax assets as of December 31, 2023 and 2022, respectively. We believe it is not more likely than not that future taxable income and the reversal of deferred tax liabilities will be sufficient to realize our net deferred tax assets. Our estimated federal tax net operating loss carryforward as of December 31, 2023 is approximately $1.1 billion, which will begin to expire in 2035 if not utilized. We also generated $28.2 million of Section 48(a) ITCs in 2023 for a net $309.7 million through December 31, 2023, which will begin to expire in 2033 if not utilized.

We assessed whether we had any significant uncertain tax positions taken in a filed tax return, planned to be taken in a future tax return or claim, or otherwise subject to interpretation and determined there were none not more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position, or prospectively approved when such approval may be sought in advance. Should a provision for any interest or penalties relative to unrecognized tax benefits be necessary, it is our policy to accrue for such in our income tax accounts. There were no such accruals as of December 31, 2023 and 2022 and we do not expect a significant change in gross unrecognized tax benefits in the next twelve months. Our tax years after 2012 remain subject to examination by the IRS and by the taxing authorities in the states and territories in which we operate.

Under the provisions of the Internal Revenue Code and similar state provisions, our net operating loss carryforwards and tax credit carryforwards are subject to review and possible adjustment by the IRS and state tax authorities. Under Sections 382 and 383 of the Internal Revenue Code, as well as similar state provisions, our net operating loss and tax credit carryforwards may be subject to an annual limitation in the event of certain cumulative changes in the ownership interest of certain significant shareholders over a three-year period in excess of 50%. This could limit the amount of tax attributes that can be utilized annually to offset future taxable income or tax liabilities. The amount of the annual limitation is determined based on the value of our company immediately prior to the ownership change. Subsequent ownership changes may further affect the limitation in future years. We experienced an ownership change in August 2020 as defined by Sections 382 and 383 of the Internal Revenue Code, which limits our future ability to utilize NOLs and tax credits generated before the "ownership change". However, these

limitations do not prevent the use of our NOLs to offset certain built-in gains, including deemed gains with respect to our cost recovery deductions, recognized by us within five years after the ownership change with respect to assets held by us at the time of the ownership change, or the use of our tax credits to offset related tax liabilities, to the extent of our "net unrealized built-in gain" at the time of the ownership change. We have determined that, based upon the size of our net unrealized built-in gain at the time of our 2020 ownership change and our projected recognition of deemed built-in gains in the five years following the ownership change, there is no impact on the balances for deferred taxes or valuation allowance.

We conduct operations in the U.S. territories of Puerto Rico, Guam and the Commonwealth of the Northern Mariana Islands. As a result, our income tax expense includes the effects of taxes incurred in such jurisdictions where the tax code for the respective jurisdiction may have separate tax-reporting requirements.

In August 2022, the Inflation Reduction Act of 2022 (the "IRA") was signed into law. Among other things, the IRA expanded and extended the tax credits available to solar energy projects in an effort to achieve President Biden's non-binding target of net-zero emissions by 2050. The IRA extends the investment tax credit for eligible solar energy projects through at least 2033 and, depending on the location of a particular project, its size, its ability to satisfy certain labor and domestic content requirements and the category of consumers it serves, the investment tax credit percentage can range between 6% and 70%.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Business Combination and Asset Acquisition [Abstract]

Acquisitions

12 Months Ended

Dec. 31, 2023

Acquisition

Acquisitions

In February 2021, we entered into an Agreement and Plan of Merger (the "Merger Agreement") with certain of our subsidiaries, SunStreet Energy Group, LLC, a Delaware limited liability company ("SunStreet") and LEN X, LLC, a Florida limited liability company, the sole member of SunStreet and a wholly-owned subsidiary of Lennar Corporation ("Lenx"). Pursuant to the Merger Agreement, in April 2021, we acquired SunStreet, Lennar Corporation's ("Lennar") residential solar platform, in exchange for up to 7,011,751 shares of our common stock (the "Acquisition"), comprised of 3,095,329 shares in initial consideration issued at closing, 27,526 shares related to the purchase price adjustments in the third quarter of 2021 and up to 3,888,896 shares issuable as earnout consideration after closing of the Acquisition as described below. We believe the Acquisition provides a new strategic path to further scale our solar business, reduces customer acquisition costs, provides a multi-year supply of sites through the development of new solar communities and allows us to pursue the development of clean and resilient microgrids across the U.S.

The purchase consideration was approximately $218.6 million, consisting of $128.2 million in the issuance of common stock shares and $90.4 million representing the fair value of contingent consideration based upon estimated new solar energy system installations through 2025 and the execution of certain binding agreements before the fifth anniversary of the closing of the Acquisition. Pursuant to the Earnout Agreement entered into between us and Lenx, Lenx will have the ability to earn up to an additional 3,888,896 shares of common stock over a five-year period in connection with the Acquisition. The earnout payments are conditioned on SunStreet meeting certain commercial milestones and achieving specified in-service levels. There are two elements to the earnout arrangement. First, we will issue up to 2,777,784 shares to the extent we and our subsidiaries (including SunStreet) place target amounts of solar energy systems into service and enter into qualifying customer agreements related to such solar energy systems. The 2,777,784 shares of common stock issuable under this portion of the earnout can be earned in four installments on a yearly basis (if the in-service target for each such year is achieved) or at the end of the four-year period (if the cumulative in-service target is achieved by the fourth and final year), with the annual periods commencing on the closing date of the Acquisition. See Note 14, Stockholders' Equity. This earnout is recorded as contingent consideration. The second element of the earnout is related to the development of microgrid communities. Pursuant to this portion of the earnout, we will issue up to 1,111,112 shares in two separate tranches, each of which has different criteria, if, prior to the fifth anniversary of the closing date of the Acquisition, we enter into binding agreements for the development of microgrid communities. One of these tranches is recorded as contingent consideration. As of December 31, 2023, the amount of contingent consideration that could be paid to Lennar has an estimated maximum value of $31.0 million and a minimum value of $7.2 million. These values were determined based on the projected average share price over the five year earnout period multiplied by the number of shares to be transferred to Lennar if the targets for purchased solar energy systems placed in service are achieved. In connection with the Acquisition, Lennar has committed to contribute an aggregate $200.0 million (the "Funding Commitment") to four Sunnova tax equity funds, each formed annually during a period of four consecutive years (each such year, a "Contribution Year") commencing in 2021. See Note 13, Redeemable Noncontrolling Interests and Noncontrolling Interests. The customer agreements and related solar energy systems acquired by each of these four tax equity funds will generally be originated by SunStreet, though a certain number of customer agreements may be originated by our dealers, subject to certain criteria and expected in-service levels for the year. The favorable terms of the Funding Commitment result in an intangible asset. During the years ended December 31, 2023, 2022 and 2021, we incurred transaction costs of $1.2 million, $7.8 million and $6.7 million related to acquisitions.

The fair values of the assets acquired and liabilities assumed are based on a complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. We estimated the fair value of the assets acquired at the acquisition date using a multi-period excess earnings methodology for customer relationships related to system sales and servicing, a cost savings methodology for customer relationships related to new customers, a relief from royalty methodology for the trade name and a discounted cash flow methodology for the tax equity commitment, all using Level 3 inputs.

During the third quarter of 2021, we made changes to our purchase price allocation for facts and circumstances that existed at the acquisition date related to (a) the issuance of additional shares of common stock, (b) changes to the aggregate principal amount of the debt acquired, (c) modifications to the forecasted cash flows for the intangible assets, (d) modifications to the estimated earnout consideration and (e) resulting changes to goodwill. During the third quarter of 2021, we recorded an increase to goodwill of $9.1 million as a result of purchase price adjustments. The following table presents the fair value of the assets acquired and liabilities assumed, inclusive of the purchase price adjustments, with the excess recorded as goodwill:


	As Adjusted
	(in thousands)
Cash	$	503
Other current assets (includes inventory of $26,835)	33,562
Property and equipment	217
Intangible assets	211,836
Other assets	1,060
Total assets acquired	247,178
Accounts payable	3,762
Accrued expenses	4,580
Current portion of long-term debt	32,301
Other current liabilities	364
Other long-term liabilities	697
Total liabilities assumed	41,704
Net assets acquired, excluding goodwill	205,474
Purchase consideration	218,624
Goodwill	$	13,150

Goodwill represents the excess of the purchase consideration over the aggregate fair value of the assets acquired and liabilities assumed. Goodwill is primarily attributable to the acquired assembled workforce. We do not expect to take any tax deductions for the goodwill associated with the Acquisition unless we decide to make an asset election in the future that would make a portion of the goodwill deductible for tax purposes. The portion of revenue and earnings associated with the acquired business was not separately identifiable due to the integration with our operations.

Redeemable Noncontrolling Interests and Noncontrolling Interests

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests and Noncontrolling Interests

The following table summarizes our redeemable noncontrolling interests and noncontrolling interests as of December 31, 2023:

Tax Equity Entity

Balance Sheet Classification

Date Class A
Member Admitted

Sunnova TEP II, LLC

Redeemable noncontrolling interests

December 2017

Sunnova TEP II-B, LLC

Redeemable noncontrolling interests

December 2017

Sunnova TEP III, LLC

Redeemable noncontrolling interests

January 2019

Sunnova TEP IV-A, LLC ("TEPIVA")

Noncontrolling interests

August 2019

Sunnova TEP IV-B, LLC ("TEPIVB")

Noncontrolling interests

December 2019

Sunnova TEP IV-C, LLC ("TEPIVC")

Noncontrolling interests

February 2020

Sunnova TEP IV-D, LLC ("TEPIVD")

Noncontrolling interests

May 2020

Sunnova TEP IV-F, LLC

Noncontrolling interests

July 2020

Sunnova TEP IV-E, LLC ("TEPIVE")

Noncontrolling interests

September 2020

Sunnova TEP IV-G, LLC ("TEPIVG")

Noncontrolling interests

November 2020

Sunnova TEP V-D, LLC ("TEPVD")

Noncontrolling interests

April 2021

TEPVA

Noncontrolling interests

April 2021

TEPVB

Noncontrolling interests

May 2021

TEPVC

Noncontrolling interests

July 2021

Sunnova TEP V-E, LLC

Redeemable noncontrolling interests

October 2021

Sunnova TEP 6-A, LLC ("TEP6A")

Noncontrolling interests

December 2021

TEP6B

Noncontrolling interests

February 2022

Sunnova TEP 6-E, LLC

Redeemable noncontrolling interests

May 2022

TEP6D

Noncontrolling interests

September 2022

Sunnova TEP 6-C, LLC ("TEP6C")

Redeemable noncontrolling interests

October 2022

TEP7C

Redeemable noncontrolling interests

November 2022

TEP7A

Noncontrolling interests

December 2022

TEP7B

Redeemable noncontrolling interests

December 2022

TEP7D

Noncontrolling interests

December 2022

TEP7E

Redeemable noncontrolling interests

May 2023

TEP7G

Redeemable noncontrolling interests

August 2023

TEP7F

Redeemable noncontrolling interests

September 2023

Sunnova TEP 8-A, LLC ("TEP8A")

Noncontrolling interests

December 2023

Sunnova TEP 8-B, LLC ("TEP8B")

Noncontrolling interests

December 2023

TEP8C

Redeemable noncontrolling interests

December 2023

The purpose of the tax equity entities is to own and operate a portfolio of solar energy systems and energy storage systems. The terms of the tax equity entities' operating agreements contain allocations of taxable income (loss), Section 48(a) ITCs and cash distributions that vary over time and adjust between the members on an agreed date (referred to as the flip date). The operating agreements specify either a date certain flip date or an internal rate of return ("IRR") flip date. The date certain flip date is based on the passage of a fixed period of time that generally corresponds to the expiration of the recapture period associated with Section 48(a) ITCs or a year thereafter. The IRR flip date is the date on which the tax equity investor has achieved a contractual rate of return. From inception through the flip date, the Class A members' allocation of taxable income (loss) and Section 48(a) ITCs is generally 99% and the Class B members' allocation of taxable income (loss) and Section 48(a) ITCs is generally 1%. TEPIVA, TEPIVB, TEPIVC, TEPIVD, TEPIVE, TEPIVG, TEPVB, TEPVC, TEPVD, TEP6A, TEP6B, TEP6C, TEP6D, TEP7A, TEP7D and TEP8A also have a step-down period prior to the flip date during which the Class A members' allocation of certain items within taxable income (loss) become 67% and the Class B members' allocation of certain items within taxable income (loss) become 33% and TEPIVG, TEPVB, TEPVC and TEP6B also have an additional step-down period prior to the flip date during which the Class A members' allocation of certain items within taxable income (loss) are

further reduced and the Class B members' allocation of certain items within taxable income (loss) are further increased. After the related flip date (or, if the tax equity investor has a deficit capital account, typically after such deficit has been eliminated), the Class A members' allocation of taxable income (loss) will typically decrease to 5% (or, in some cases, a higher percentage if required by the tax equity investor) and the Class B members' allocation of taxable income (loss) will increase by an inverse amount.

The redeemable noncontrolling interests and noncontrolling interests are comprised of Class A units, which represent the tax equity investors' interest in the tax equity entities. Both the Class A members and Class B members have call options to allow either member to redeem the other member's interest in the tax equity entities upon the occurrence of certain contingent events, such as bankruptcy, dissolution/liquidation and forced divestitures of the tax equity entities. Additionally, except for TEPIVG, TEPVB and TEP6B, the Class B members have the option to purchase all Class A units, which is typically exercisable at any time during the periods specified under each respective governing document, and, in regard to the tax equity entities classified as redeemable noncontrolling interests, also have the contingent obligation to purchase all Class A units if the Class A members exercise their right to withdraw, which is typically exercisable at any time during the periods specified under each respective governing document. In June 2023, we exercised our purchase option to purchase 100% of the Class A member's interest in Sunnova TEP I, LLC ("TEPI") for $5.9 million. This purchase resulted in an increase in our equity in TEPI of $67.0 million. The carrying values of the redeemable noncontrolling interests were equal to or greater than the estimated redemption values as of December 31, 2023 and 2022.

Guarantees. We are contractually obligated to make certain Class A members whole for losses they may suffer in certain limited circumstances resulting from the disallowance or recapture of Section 48(a) ITCs. We have concluded the likelihood of a significant recapture event is remote and consequently have not recorded a liability for any potential recapture exposure. The maximum potential future payments we could be required to make under this obligation would depend on the IRS successfully asserting upon audit the fair market values of the solar energy systems sold or transferred to the tax equity entities as determined by us exceed the allowable basis for the systems for purposes of claiming Section 48(a) ITCs. The fair market values of the solar energy systems and related Section 48(a) ITCs are determined, and the Section 48(a) ITCs are allocated to the Class A members, in accordance with the tax equity entities' operating agreements. Due to uncertainties associated with estimating the timing and amounts of distributions, the likelihood of an event that may trigger repayment, forfeiture or recapture of Section 48(a) ITCs to such Class A members, and the fact that we cannot determine how the IRS will evaluate system values used in claiming Section 48(a) ITCs, we cannot determine the potential maximum future payments that are required under these guarantees.

From time to time, we incur non-performance fees, which may include, but is not limited to, delays in the installation process and interconnection to the power grid of solar energy systems and other factors. The non-performance fees are settled by either a return of a portion of the Class A members' capital contributions or an additional payment to the Class A members. During the years ended December 31, 2023, 2022 and 2021, we paid $766,000, $9.5 million and $41.2 million, respectively, related to non-performance fees. As of December 31, 2023 and 2022, we recorded a liability of $3.2 million and $170,000, respectively, related to non-performance fees.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity In April 2021, we issued 3,095,329 shares of common stock in connection with the Acquisition. In August 2021, we issued an additional 27,526 shares of common stock in connection with the purchase price adjustments of the Acquisition. See Note 12, Acquisitions. In November 2021, we issued 1,027,409 shares of common stock in connection with our investments in solar receivables. See Note 8, Investments in Solar Receivables. During the year ended December 31, 2021, the remaining holders of our 9.75% convertible senior notes converted approximately $97.1 million aggregate principal amount, including accrued and unpaid interest to the date of each conversion, of our 9.75% convertible senior notes into 7,196,035 shares of our common stock. In August 2023, we sold 5,865,000 shares of common stock at a public offering price of $14.75 per share. We received aggregate net proceeds of approximately $82.2 million, after deducting underwriting discounts and commissions of approximately $3.9 million and offering expenses of approximately $400,000. We used the net proceeds from the offering for general corporate purposes. During the years ended December 31, 2023 and 2022, we issued 693,443 and 694,446 shares of our common stock to Lenx, LLC pursuant to the terms of the earnout agreement, as amended, entered into in connection with the acquisition of SunStreet.

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Share-Based Payment Arrangement [Abstract]

Equity-Based Compensation

12 Months Ended

Dec. 31, 2023

Equity-Based Compensation

Effective December 2013 and January 2015, we established and adopted two stock option plans (collectively, the "Prior Plans") after approval by our Board. The Prior Plans provided the aggregate number of shares of common stock that may be issued pursuant to stock options shall not exceed 26,032 shares. No further awards may be made under the Prior Plans.

Effective March 2016, we established and adopted a new stock option plan (the "2016 Plan") after approval by our Board. The 2016 Plan allowed for the issuance of non-qualified and incentive stock options. The 2016 Plan provided the aggregate number of shares of common stock that may be issued pursuant to stock options shall not exceed 4,288,950 shares. No further awards may be made under the 2016 Plan.

In connection with our IPO, our Board adopted the 2019 Long-Term Incentive Plan (the "LTIP") to incentivize employees, officers, directors and other service providers of SEI and its affiliates. The LTIP provides for the grant, from time to time, at the discretion of our Board or a committee thereof, of stock options, stock appreciation rights, stock awards, including restricted stock and restricted stock units, performance awards and cash awards. The LTIP provides the aggregate number of shares of common stock that may be issued pursuant to awards shall not exceed 5,229,318 shares. The number of shares available for issuance under the LTIP will be increased each fiscal year beginning in 2020, in an amount equal to the lesser of (a) a number of shares such that the total number of shares that remain available for additional grants under the LTIP equals five percent of the outstanding shares of our common stock on the last day of the immediately preceding fiscal year or (b) such number of shares determined by our Board. In February 2023, the aggregate number of shares of common stock that may be issued pursuant to awards under the LTIP was increased by 1,525,652, an amount that, together with the shares remaining available for grant under the LTIP, is equal to 5,746,588 shares, or approximately 5% of the number of shares of common stock outstanding as of December 31, 2022. Awards granted under the LTIP contain a service condition and cease vesting for employees, consultants and directors upon termination of employment or service. The grant date fair value of awards granted under the LTIP will be recognized ratably over the applicable vesting period of each award (either one year, three years or seven years).

The Prior Plans and the 2016 Plan will only allow for settlement of stock options by the issuance of common stock and awards issued under the LTIP can generally only be settled by the issuance of common stock. Therefore, we classify the awards as equity awards. We recognize the fair value of equity-based compensation awards as compensation cost in the financial statements, beginning on the grant date. We base compensation expense on the fair value of the awards we expect to vest, recognized over the service period, and adjusted for actual forfeitures that occur before vesting.

Stock Options

During 2021, 75,031 stock options were granted and 569,740 stock options were exercised resulting in the issuance of 569,740 shares of common stock in exchange for $9.0 million. During 2022, 538,758 stock options were granted and 18,383 stock options were exercised resulting in the issuance of 18,383 shares of common stock in exchange for $213,000. During 2023, 1,017,493 stock options were granted and 41,788 stock options were exercised resulting in the issuance of 41,788 shares of common stock in exchange for $540,000.

We used the following assumptions to apply the Black-Scholes option-pricing model to stock options granted during the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
	2023	2022	2021
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	3.50% - 4.38%	2.40%	1.13%
Expected term (in years)	6.26 - 6.57	6.375 - 6.46	6.13
Volatility	65.58% - 69.81%	58.76%	55.13%

The expected volatility was calculated based on the average historical volatilities of publicly traded peer companies determined by us. The risk-free interest rate used was based on the U.S. treasury yield curve in effect at the time of grant for the expected term of the stock options to be valued. The expected dividend yield is zero as we do not anticipate paying common

stock dividends within the relevant time frame. The expected term has been estimated using the average of the contractual term and weighted average life of the stock options. The following table summarizes stock option activity:


	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
							(in thousands)
Outstanding, December 31, 2021	2,765,815	$	16.71	4.91			$	31,874
Granted	538,758	$	27.62	9.22	$	14.37
Exercised	(18,383)	$	11.59				$	231
Forfeited	(26,731)	$	24.77		$	12.83
Outstanding, December 31, 2022	3,259,459	$	18.48	4.75			$	10,341
Granted	1,017,493	$	15.01	9.23	$	8.82
Exercised	(41,788)	$	12.91				$	203
Forfeited	(217,015)	$	19.38		$	8.77
Outstanding, December 31, 2023	4,018,149	$	17.61	4.97			$	5,542
Exercisable, December 31, 2023	2,575,095	$	16.50	2.80			$	4,787
Vested and expected to vest, December 31, 2023	4,018,149	$	17.61	4.97			$	5,542
Non-vested, December 31, 2022	570,230				$	14.71
Non-vested, December 31, 2023	1,443,054				$	10.78

The number of stock options that vested during the years ended December 31, 2023 and 2022 was 16,816. The grant date fair value of stock options that vested during the years ended December 31, 2023 and 2022 was $309,000. As of December 31, 2023, there was $9.1 million of total unrecognized compensation expense related to stock options, which is expected to be recognized over the remaining weighted average period of 1.79 years.

Restricted Stock Units

The following table summarizes restricted stock unit activity:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2021	1,649,789	$	18.48
Granted	1,035,714	$	23.79
Vested	(974,972)	$	19.79
Forfeited	(100,916)	$	26.21
Outstanding, December 31, 2022	1,609,615	$	20.62
Granted	2,155,890	$	14.50
Vested	(1,009,102)	$	18.10
Forfeited	(372,198)	$	17.78
Outstanding, December 31, 2023	2,384,205	$	16.60

The grant date fair value of restricted stock units that vested during the years ended December 31, 2023 and 2022 was $18.3 million and $19.3 million, respectively. As of December 31, 2023, there was $26.6 million of total unrecognized compensation expense related to restricted stock units, which is expected to be recognized over the remaining weighted average period of 1.30 years.

Employee Stock Purchase Plan ("ESPP")

Effective May 2022, we established an ESPP. We are authorized to issue up to an aggregate 750,000 shares of common stock under the ESPP. The ESPP allows eligible employees to purchase shares of our common stock at a price per share equal to 95% of the lesser of the closing price of our common stock on the grant date or the purchase date. Payment for shares of our common stock is made as of the purchase date through payroll deductions on an after-tax basis over the designated purchase period. Each purchase period will generally be a six-month period commencing on January 1 and July 1 of each year, or such other period as the plan administrator may prescribe. The applicable purchase date is the last trading day of the purchase period or other such trading date designated by the plan administrator. An employee's payroll deductions under the ESPP are limited to 15% of the employee's eligible compensation with an annual limitation of $25,000. As of December 31, 2023 and 2022, the number of shares of common stock issued under the ESPP was 35,160 and 7,106, respectively.

Basic and Diluted Net Loss Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted Net Loss Per Share

The following table sets forth the computation of our basic and diluted net loss per share:


	Year Ended December 31,
		2023		2022		2021
		(in thousands, except share and per share amounts)





Net loss attributable to stockholders—basic and diluted		$	(417,961)	$	(161,642)	$	(138,128)

Net loss per share attributable to stockholders—basic and diluted		$	(3.53)	$	(1.41)	$	(1.25)
Weighted average common shares outstanding—basic and diluted		118,344,728		114,451,034		110,881,630

The following table presents the weighted average shares of common stock equivalents that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:


	Year Ended December 31,
		2023	2022	2021
Equity-based compensation awards		6,093,155	4,907,458	4,670,740

Convertible senior notes		34,150,407	23,228,952	10,829,353

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Legal. We are a party to a number of lawsuits, claims and governmental proceedings that are ordinary, routine matters incidental to our business. In addition, in the ordinary course of business, we periodically have disputes with dealers and customers. We do not expect the outcomes of these matters to have, either individually or in the aggregate, a material adverse effect on our financial position or results of operations.

Performance Guarantee Obligations. As of December 31, 2023, we recorded $6.8 million related to our guarantee of certain specified minimum solar energy production output under our leases and loans, of which $2.7 million is recorded in other current liabilities and $4.1 million is recorded in other long-term liabilities in the consolidated balance sheet. As of December 31, 2022, we recorded $4.8 million related to these guarantees, of which $2.5 million is recorded in other current liabilities and

$2.3 million is recorded in other long-term liabilities in the consolidated balance sheet. The changes in our aggregate performance guarantee obligations are as follows:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	4,845	$	5,293
Accruals	4,982		2,727

Settlements	(3,074)		(3,175)
Balance at end of period	$	6,753	$	4,845

Operating and Finance Leases. We lease real estate and certain office equipment under operating leases and vehicles and certain other office equipment under finance leases. The following table presents the detail of lease expense as recorded in general and administrative expense in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Operating lease expense		$	2,910	$	2,753	$	1,643
Finance lease expense:
Amortization expense		1,150		783		417
Interest on lease liabilities		109		60		38
Short-term lease expense		197		141		78
Variable lease expense		1,049		961		1,064

Total		$	5,415	$	4,698	$	3,240

The following table presents the detail of right-of-use assets and lease liabilities as recorded in other assets and other current liabilities/other long-term liabilities, respectively, in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Right-of-use assets:
Operating leases	$	13,247	$	14,706
Finance leases	4,085		2,476
Total right-of-use assets	$	17,332	$	17,182

Current lease liabilities:
Operating leases	$	2,883	$	2,451
Finance leases	1,348		796
Long-term leases liabilities:
Operating leases	14,005		15,751
Finance leases	1,631		957
Total lease liabilities	$	19,867	$	19,955

Other information related to leases was as follows:


	Year Ended December 31,
	2023		2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	2,765	$	1,647	$	1,310
Operating cash flows from finance leases	$	109	$	60	$	38
Financing cash flows from finance leases	$	1,059	$	801	$	476
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	741	$	245	$	8,867
Finance leases	$	2,759	$	1,072	$	2,213

(1)Includes reimbursements in 2023, 2022 and 2021 of approximately $545,000, $297,000 and $423,000, respectively, for leasehold improvements.



	As of December 31,
	2023		2022
Weighted average remaining lease term (years):
Operating leases	5.51		6.60
Finance leases	3.12		2.86
Weighted average discount rate:
Operating leases	4.06	%	3.95	%
Finance leases	6.26	%	4.37	%

Future minimum lease payments under our non-cancelable leases as of December 31, 2023 were as follows:


	Operating Leases		Finance Leases
	(in thousands)
2024	$	3,517	$	1,498
2025	3,409		940
2026	3,236		541
2027	3,304		277
2028	3,372		—
2029 and thereafter	2,113		—
Total	18,951		3,256
Amount representing interest	(1,987)		(277)
Amount representing leasehold incentives	(76)		—
Present value of future payments	16,888		2,979
Current portion of lease liability	(2,883)		(1,348)
Long-term portion of lease liability	$	14,005	$	1,631

Letters of Credit. In connection with a reinsurance agreement and various security arrangements for an office lease, we have letters of credit outstanding of $0 and $4.1 million as of December 31, 2023 and 2022, respectively. The letters of credit are cash collateralized for the same amount or a lesser amount and this cash is classified as restricted cash recorded in other current assets and other assets in the consolidated balance sheets.

Guarantees or Indemnifications. We enter into contracts that include indemnifications and guarantee provisions. In general, we enter into contracts with indemnities for matters such as breaches of representations and warranties and covenants

contained in the contract and/or against certain specified liabilities. Examples of these contracts include dealer agreements, debt agreements, asset purchases and sales agreements, service agreements and procurement agreements. We are unable to estimate our maximum potential exposure under these agreements until an event triggering payment occurs.

Dealer Commitments. As of December 31, 2023 and 2022, the net unamortized balance of payments to dealers for exclusivity and other similar arrangements was $166.4 million and $121.3 million, respectively. Under these agreements, we paid $53.8 million and $50.1 million during the years ended December 31, 2023 and 2022, respectively. We could be obligated to make maximum payments, excluding additional amounts payable on a per watt basis if even higher thresholds are met, as follows:


	Dealer Commitments
	(in thousands)
2024	$	77,724
2025	57,079
2026	36,904
2027	30,000
2028	—
2029 and thereafter	—
Total	$	201,707

Purchase Commitments. In December 2021, we amended an agreement with a supplier in which we agreed to purchase at least 1,420 megawatt hours of solar energy systems, energy storage systems and accessories through December 2023. In October 2023, we further amended this agreement in which we agreed to purchase approximately $325.0 million of energy storage systems through December 2024. Under this agreement, we purchased $178.6 million and $216.0 million during the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023, we estimate our remaining purchase commitment to be approximately $255.0 million.

Information Technology Commitments. We have certain long-term contractual commitments related to information technology software services and licenses. Future commitments as of December 31, 2023 were as follows:


	Information Technology Commitments
	(in thousands)
2024	$	23,045
2025	7,243
2026	6,137
2027	7,405
2028	515
2029 and thereafter	515
Total	$	44,860

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events EZOP Debt. In February 2024, we amended the EZOP revolving credit facility to, among other things, (a) reflect certain assignments of commitments occurring within the Atlas Lender Group (as defined by such revolving credit facility) without increasing the existing commitments, and the assignment of the role of the Atlas funding agent for the Atlas Lender Group, (b) amend the thresholds for certain "Amortization Events" (as defined by such revolving credit facility) and (c) modify the "Liquidity Reserve Account Required Balance" (as defined by such revolving credit facility). TEPH Debt. In February 2024, we amended the TEPH revolving credit facility to, among other things, reflect an assignment of commitments occurring within the Atlas Lender Group (as defined by such revolving credit facility) without increasing the existing commitments and the appointment of a new Atlas funding agent for the Atlas Lender Group. SOLVI Debt. In February 2024, we pooled and transferred eligible solar energy systems and the related asset receivables into wholly-owned subsidiaries of SOLVI, a special purpose entity, that issued $194.5 million in aggregate principal amount of Series 2024-1 Class A solar asset-backed notes, $16.5 million in aggregate principal amount of Series 2024-1 Class B solar asset-backed notes and $15.0 million in aggregate principal amount of Series 2024-1 Class C solar asset-backed notes (collectively, the "SOLVI Notes") with a maturity date of January 2059. The SOLVI Notes were issued at a discount of 4.66%, 7.08% and 13.98% for the Class A, Class B and Class C notes, respectively, and bear interest at an annual rate equal to 5.65%, 7.00% and 9.00% for the Class A, Class B and Class C notes, respectively. The cash flows generated by the solar energy systems of SOLVI's subsidiaries are used to service the quarterly principal and interest payments on the SOLVI Notes and satisfy SOLVI's expenses, and any remaining cash can be distributed to Sunnova SOL VI Depositor, LLC, SOLVI's sole member. In connection with the SOLVI Notes, certain of our affiliates receive a fee for managing and servicing the solar energy systems pursuant to a transaction management agreement and management and servicing agreements. In addition, Sunnova Energy Corporation has guaranteed (a) the obligations of certain of our subsidiaries to manage and service the solar energy systems pursuant to a transaction management agreement and management and servicing agreements, (b) the managing members' obligations, in such capacity, under the related financing fund's limited liability company agreement and (c) certain of our subsidiaries' obligations to repurchase or substitute certain ineligible solar energy systems eventually sold to SOLVI pursuant to the sale and contribution agreement. SOLVI is also required to maintain certain reserve accounts for the benefit of the holders of the SOLVI Notes, each of which must remain funded at all times to the levels specified in the SOLVI Notes. The indenture requires SOLVI to track the debt service coverage ratio (such ratio, the "DSCR") of (a) the amount of certain payments received from customers, certain performance based incentives, certain energy credits and any applicable insurance proceeds as of a specific date to (b) interest and scheduled principal due on the SOLVI Notes as of such date, with the potential to enter into an early amortization period if the DSCR drops below a certain threshold. The holders of the SOLVI Notes have no recourse to our other assets except as expressly set forth in the SOLVI Notes. Redeemable Noncontrolling Interests and Noncontrolling Interests. In February 2024, the Class A member of TEP7A increased its capital commitment from approximately $59.0 million to approximately $61.4 million. In February 2024, we admitted a tax equity investor as the Class A member of Sunnova TEP 8-D, LLC ("TEP8D"), a subsidiary of Sunnova TEP 8-D Manager, LLC, which is the Class B member of TEP8D. The Class A member of TEP8D made a total capital commitment of approximately $195.0 million.

Schedule I Parent Company Financial Statements

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule I Parent Company Financial Statements

SUNNOVA ENERGY INTERNATIONAL INC.

CONDENSED BALANCE SHEETS

(in thousands, except share amounts and share par values)


	As of December 31,
	2023		2022
Assets
Current assets:
Cash	$	75	$	65
Accounts receivable, including affiliates	7		—

Total current assets	82		65

Investments in subsidiaries	1,677,268		2,056,622
Total assets	$	1,677,350	$	2,056,687

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	2	$	22

Other current liabilities	6,138		5,895
Total current liabilities	6,140		5,917

Long-term debt, net	1,155,078		1,149,756
Total liabilities	1,161,218		1,155,673

Stockholders' equity:
Common stock, 122,466,515 and 114,939,079 shares issued as of December 31, 2023 and 2022, respectively, at $0.0001 par value	12		11
Additional paid-in capital—common stock	1,735,470		1,617,856
Accumulated deficit	(1,219,350)		(716,853)
Total stockholders' equity	516,132		901,014
Total liabilities and stockholders' equity	$	1,677,350	$	2,056,687

See accompanying notes to parent company condensed financial statements.

SUNNOVA ENERGY INTERNATIONAL INC.

CONDENSED STATEMENTS OF OPERATIONS

(in thousands)


	Year Ended December 31,
	2023		2022		2021
Revenue	$	—	$	—	$	—
General and administrative expense	1,367		1,362		929
Other operating expense	24		—		—
Operating loss	(1,391)		(1,362)		(929)

Interest expense, net	22,536		10,835		3,722

Equity in losses of subsidiaries	478,494		118,079		142,870
Loss before income tax	(502,421)		(130,276)		(147,521)

Income tax expense	5		—		—
Net loss	$	(502,426)	$	(130,276)	$	(147,521)

See accompanying notes to parent company condensed financial statements.

SUNNOVA ENERGY INTERNATIONAL INC.

CONDENSED STATEMENTS OF CASH FLOWS

(in thousands)


	Year Ended December 31,
	2023		2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	(13,605)	$	3,045	$	8,554

CASH FLOWS FROM INVESTING ACTIVITIES
Investments in subsidiaries	(88,645)		(560,700)		(500,700)
Distributions from subsidiaries	19,650		21,100		—
Other, net	90		—		—
Net cash used in investing activities	(68,905)		(539,600)		(500,700)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	—		585,000		560,625
Payments of deferred financing costs	(43)		(516)		(615)
Purchase of capped call transactions	—		(48,420)		(91,655)
Proceeds from issuance of common stock, net	82,563		38		19,392


Net cash provided by financing activities	82,520		536,102		487,747
Net increase (decrease) in cash	10		(453)		(4,399)
Cash at beginning of period	65		518		4,917
Cash at end of period	$	75	$	65	$	518

Non-cash investing and financing activities:

Non-cash conversion of convertible senior notes for common stock	$	—	$	—	$	95,648
Non-cash issuance of common stock for investments in solar receivables	$	—	$	—	$	44,353
Non-cash issuance of common stock for business acquisition	$	—	$	—	$	128,224

Supplemental cash flow information:
Cash paid for interest	$	17,013	$	1,438	$	1,390
Cash paid for income taxes	$	—	$	—	$	—

See accompanying notes to parent company condensed financial statements.

Basis of Presentation

On July 24, 2019, Sunnova Energy International Inc. ("SEI") priced 14,000,000 shares of its common stock at a public offering price of $12.00 per share and on July 25, 2019, SEI's common stock began trading on the New York Stock Exchange under the symbol "NOVA". Upon the closing of our initial public offering on July 29, 2019 (our "IPO"), Sunnova Energy Corporation was contributed to SEI and SEI became the holding company of Sunnova Energy Corporation through a reverse merger. In addition, the historical financial statements of Sunnova Energy Corporation became the historical financial statements of SEI. These condensed financial statements include the condensed balance sheets, condensed statements of operations and condensed statements of cash flows and have been prepared on a parent-only basis. These parent-only financial statements do not include all of the information and notes required by accounting principles generally accepted in the United States of America for annual financial statements and therefore, these parent-only financial statements and other information included should be read in conjunction with SEI's consolidated financial statements and related notes contained within this Annual Report on Form 10-K.

Guarantees

See Note 9, Long-Term Debt.

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ (417,961)	$ (161,642)	$ (138,128)

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Insider Trading Arrangements

3 Months Ended

12 Months Ended

Dec. 31, 2023

shares

Dec. 31, 2023

shares

Material Terms of Trading Arrangement

Sell to Cover 10b5-1 Trading Arrangements

During the three months ended December 31, 2023, the following directors and officers adopted certain trading plans ("10b5-1 Plans") intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 Plans authorize an agent to sell such securities as are necessary to satisfy tax withholding obligations, commissions and any fees, arising exclusively from the vesting of certain previously granted compensatory awards of restricted stock units, outlined as follows:

Name

Title

Shares

Vesting and

Subject to

Sell-to-Cover

Date

Adopted

Plan
Start
Date

Plan

End

Date

Michael Grasso

Executive Vice President, Chief Revenue Officer

13,980

November 14, 2023

March 25, 2024

April 25, 2024

Chris Hayden

Executive Vice President, Chief Technology Officer

3,333

November 9, 2023

March 25, 2024

April 25, 2024

Kris Hillstrand

Executive Vice President, Direct

13,980

November 15, 2023

March 25, 2024

April 25, 2024

Kelsey Hultberg

Executive Vice President, Corporate Communications and Sustainability

3,181

November 22, 2023

March 25, 2024

April 25, 2024

Robert Lane

Executive Vice President and Chief Financial Officer

16,874

November 2, 2023

March 25, 2024

December 31, 2024

Meghan Nutting

Executive Vice President, Government and Regulatory Affairs

6,464

November 16, 2023

March 25, 2024

April 25, 2024

Chris Hayden, Executive Vice President, Chief Technology Officer

On December 13, 2023, Chris Hayden, Executive Vice President, Chief Technology Officer, terminated a 10b5-1 Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Such 10b5-1 Plan was adopted on November 9, 2023 and provided for the exercise and sale of up to 5,715 employee stock options at various prices dependent on the market price of the shares of our common stock, commencing on April 2, 2024 and continuing through April 2, 2025.

Robert Lane, Executive Vice President and Chief Financial Officer

On November 2, 2023, Robert Lane, Executive Vice President and Chief Financial Officer, adopted a 10b5-1 Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act for the sale of up to 17,230 shares of our common stock at various prices dependent on the market price of the shares of our common stock, commencing on March 25, 2024 and continuing through December 31, 2024.

Jackson Lynch, Executive Vice President and Chief Human Resources Officer

On December 5, 2023, Jackson Lynch, Executive Vice President and Chief Human Resources Officer, adopted a 10b5-1 Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act for the sale of an indeterminate number of shares of our common stock dependent on the market price of the shares of our common stock issued in connection with restricted stock awards he will receive as annual incentive plan compensation that vest on issuance, commencing on March 6, 2024 and continuing through June 28, 2024.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Michael Grasso [Member]

Michael Grasso

Executive Vice President, Chief Revenue Officer

true

November 14, 2023

31 days

13,980

Chris Hayden [Member]

Chris Hayden

Executive Vice President, Chief Technology Officer

true

November 9, 2023

31 days

3,333

Kris Hillstrand [Member]

Kris Hillstrand

Executive Vice President, Direct

true

November 15, 2023

31 days

13,980

Kelsey Hultberg [Member]

Kelsey Hultberg

Executive Vice President, Corporate Communications and Sustainability

true

November 22, 2023

31 days

3,181

Robert Lane

Executive Vice President and Chief Financial Officer

true

November 2, 2023

281 days

16,874

Meghan Nutting [Member]

Meghan Nutting

Executive Vice President, Government and Regulatory Affairs

true

November 16, 2023

31 days

6,464

Jackson Lynch [Member]

true

December 5, 2023

Chris Hayden, Exercise And Sale Of Employee Stock Options [Member] | Chris Hayden [Member]

114 days

true

December 13, 2023

31 days

Robert Lane, Sale of Common Stock [Member] | Robert Lane [Member]

5,715

true

November 2, 2023

281 days

Details of restricted cash

17,230

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying annual audited consolidated financial statements ("consolidated financial statements") include our consolidated balance sheets, statements of operations, statements of redeemable noncontrolling interests and equity and statements of cash flows and have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") from records maintained by us. Our consolidated financial statements include our accounts and those of our subsidiaries in which we have a controlling financial interest. In accordance with the provisions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, Consolidation, we consolidate any VIE of which we are the primary beneficiary. We form VIEs with our investors in the ordinary course of business to facilitate the funding and monetization of certain attributes associated with our solar energy systems. The typical condition for a controlling financial interest is holding a majority of the voting interests of an entity. However, a controlling financial interest may also exist in entities, such as VIEs, through arrangements that do not involve holding a majority of the voting interests. A primary beneficiary is defined as the party that has (a) the power to direct the activities of a VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses or receive benefits from the VIE that could potentially be significant to the VIE. We do not consolidate a VIE in which we have a majority ownership interest when we are not considered the primary beneficiary. We have considered the provisions within the contractual arrangements that grant us power to manage and make decisions that affect the operation of our VIEs, including determining the solar energy systems contributed to the VIEs, and the installation, operation and maintenance of the solar energy systems. We consider the rights granted to the other investors under the contractual arrangements to be more protective in nature rather than substantive participating rights. As such, we have determined we are the primary beneficiary of our VIEs and evaluate our relationships with our VIEs on an ongoing basis to determine whether we continue to be the primary beneficiary. We have eliminated all intercompany transactions in consolidation.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications did not have a significant impact on our consolidated financial statements.
Use of Estimates	Use of Estimates The application of GAAP in the preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ materially from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents We maintain cash and cash equivalents, which consists principally of demand deposits, with investment-grade financial institutions. We are exposed to credit risk to the extent cash and cash equivalents balances exceed amounts covered by the Federal Deposit Insurance Corporation ("FDIC"). As of December 31, 2023 and 2022, we had cash and cash equivalents deposits of $187.0 million and $337.5 million, respectively, in excess of the FDIC's current insured limit of $250,000. We have not experienced any losses on our deposits of cash and cash equivalents.
Restricted Cash	Restricted Cash We record cash that is restricted as to withdrawal or use under the terms of certain contractual agreements as restricted cash. Our restricted cash primarily represents cash held to service certain payments under the Sunnova EZ-Own Portfolio, LLC ("EZOP"), Sunnova TEP Holdings, LLC ("TEPH"), Helios II Issuer, LLC ("HELII"), Helios III Issuer, LLC ("HELIII"), Sunnova RAYS I Issuer, LLC ("RAYSI"), Sunnova Sol Issuer, LLC ("SOLI"), Sunnova Helios IV Issuer, LLC ("HELIV"), Sunnova Asset Portfolio 8, LLC ("AP8"), Sunnova Sol II Issuer, LLC ("SOLII"), Sunnova Helios V Issuer, LLC ("HELV"), Sunnova Helios VI Issuer, LLC ("HELVI"), Sunnova Helios VII Issuer, LLC ("HELVII"), Sunnova TEP V-A, LLC ("TEPVA"), Sunnova TEP V-B, LLC ("TEPVB"), Sunnova TEP V-C, LLC ("TEPVC"), Sunnova TEP 6-B, LLC ("TEP6B"), Sunnova TEP 6-D, LLC ("TEP6D"), Sunnova Sol III Issuer, LLC ("SOLIII"), Sunnova Helios VIII Issuer, LLC ("HELVIII"), Sunnova Helios IX Issuer, LLC ("HELIX"), Sunnova Sol IV Issuer, LLC ("SOLIV"), Sunnova Helios X Issuer, LLC ("HELX"), Sunnova Sol V Issuer, LLC ("SOLV"), Sunnova Helios XI Issuer, LLC ("HELXI"), Sunnova Helios XII Issuer, LLC ("HELXII"), Sunnova TEP 7-A, LLC ("TEP7A"), Sunnova TEP 7-B, LLC ("TEP7B"), Sunnova TEP 7-C, LLC ("TEP7C"), Sunnova TEP 7-D, LLC ("TEP7D"), Sunnova TEP 7-E, LLC ("TEP7E"), Sunnova TEP 7-F, LLC ("TEP7F"), Sunnova TEP 7-G, LLC ("TEP7G"), Sunnova TEP 8-C, LLC ("TEP8C"), Sunnova Inventory Supply, LLC ("IS"), Sunnova Asset Portfolio 9, LLC ("AP9") and Sunnova Hestia I Issuer, LLC ("HESI") financing arrangements (see Note 9, Long-Term Debt and Note 13, Redeemable Noncontrolling Interests and Noncontrolling Interests) and balances collateralizing outstanding letters of credit related to a reinsurance agreement and one of our operating leases for office space (see Note 17, Commitments and Contingencies).
Accounts Receivable	Accounts Receivable Accounts Receivable—Trade. Accounts receivable—trade primarily represents trade receivables from customers that are generally collected in the subsequent month. Accounts receivable—trade is recorded net of an allowance for credit losses, which is based on our assessment of the collectability of customer accounts based on the best available data at the time. We review the allowance by considering factors such as historical experience, customer credit rating, contractual term, aging category and current economic conditions that may affect a customer's ability to pay to identify customers with potential disputes or collection issues. We write off accounts receivable when we deem them uncollectible.Accounts Receivable—Other. Accounts receivable—other primarily represents receivables from ITC sales and receivables from our dealers or other parties related to the sale of inventory and the use of inventory procured by us.
Inventory	Inventory Inventory is stated at the lower of cost and net realizable value using the first-in, first-out method. Inventory primarily represents (a) raw materials, such as energy storage systems, photovoltaic modules, inverters, meters and modems, (b) homebuilder construction in progress and (c) other associated equipment purchased. These materials are typically procured by us and used by our dealers, sold to our dealers or held for use as original parts on new solar energy systems or replacement parts on existing solar energy systems. We remove these items from inventory and record the transaction in typically one of these manners: (a) expense to operations and maintenance expense when installed as a replacement part for a solar energy system, (b) recognize in accounts receivable—other when procured by us and used by our dealers, (c) expense to cost of revenue—inventory sales if sold directly to a dealer or other party, (d) capitalize to property and equipment when installed on an existing home or business or (e) capitalize to property and equipment when placed in service under the homebuilder program. We periodically evaluate our inventory for unusable and obsolete items based on assumptions about future demand and market conditions. Based on this evaluation, provisions are made to write inventory down to net realizable value.
Concentrations of Risk	Concentrations of Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, accounts receivable and notes receivable. The concentrated risk associated with cash, cash equivalents and restricted cash is mitigated by our policy of banking with creditworthy institutions. Typically, amounts on deposit with certain banking institutions exceed FDIC insurance limits. We do not generally require collateral or other security to support accounts receivable. To reduce credit risk related to our relationship with our dealers, management performs periodic credit evaluations and ongoing assessments of our dealers' financial condition.
Dealer Commitments	Dealer Commitments We enter into exclusivity and other similar agreements with certain key dealers pursuant to which we agree to pay an incentive if such dealers install a certain minimum number of solar energy systems within specified periods. These incentives are recorded in other assets in the consolidated balance sheets and are amortized to general and administrative expense in the consolidated statements of operations generally over the term of the customer agreements, which is estimated at an average of 23 years. See Note 17, Commitments and Contingencies.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions market participants would use in pricing an asset or a liability. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 establishes a three-tier fair value hierarchy, which prioritizes inputs that may be used to measure fair value as follows: •Level 1—Observable inputs that reflect unadjusted quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date. •Level 2—Observable inputs other than Level 1 prices, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. •Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy must be determined based on the lowest level input that is significant to the fair value measurement. An assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset or liability. Our financial instruments include cash, cash equivalents, accounts receivable, customer notes receivable, investments in solar receivables, accounts payable, accrued expenses, long-term debt, interest rate swaps and caps and contingent consideration. The carrying values of accounts receivable, accounts payable and accrued expenses approximate the fair values due to the fact that they are short-term in nature (Level 1). We estimate the fair value of our customer notes receivable based on interest rates currently offered under the loan program with similar maturities and terms (Level 3). We estimate the fair value of our investments in solar receivables based on a discounted cash flows model that utilizes market data related to solar irradiance, production factors by region and projected electric utility rates in order to build up revenue projections (Level 3). In addition, lease-related revenue and maintenance and service costs were supported through the use of available market studies and data. We estimate the fair value of our fixed-rate long-term debt based on an analysis of debt with similar book values, maturities and required market yields based on current interest rates (Level 3). We determine the fair values of the interest rate derivative transactions based on a discounted cash flow method using contractual terms of the transactions and counterparty credit risk as key inputs. The floating interest rate is based on observable rates consistent with the frequency of the interest cash flows (Level 2). For contingent consideration, we estimate the fair value of the installation earnout using the Monte Carlo model based on the forecasted placements for the installations and the microgrid earnout using a scenario-based methodology based on the probabilities of the microgrid earnout, both using Level 3 inputs. See Note 7, Customer Notes Receivable, Note 8, Investments in Solar Receivables, Note 9, Long-Term Debt, Note 10, Derivative Instruments and Note 12, Acquisitions. Changes in the fair value of our investments in solar receivables are included in other operating income/expense in the consolidated statements of operations. Changes in the fair value of our contingent consideration are included in other operating expense/income in the consolidated statements of operations.
Derivative Instruments	Derivative Instruments Our derivative instruments consist of interest rate swaps and caps that are not designated as cash flow hedges or fair value hedges. We use interest rate swaps and caps to manage our net exposure to interest rate changes. We record the derivatives in other current assets, other assets, other current liabilities and other long-term liabilities, as appropriate, in the consolidated balance sheets and the changes in fair value are recorded in interest expense, net in the consolidated statements of operations. We include unrealized gains and losses on derivatives as a non-cash reconciling item in operating activities in the consolidated statements of cash flows. We include realized gains and losses on derivatives as a change in components of operating assets and liabilities in operating activities in the consolidated statements of cash flows. See Note 10, Derivative Instruments.
Revenue / Loans / Deferred Revenue	Revenue We recognize revenue from contracts with customers as we satisfy our performance obligations at a transaction price reflecting an amount of consideration based upon an estimated rate of return, net of cash incentives. We express this rate of return as the solar rate per kilowatt hour ("kWh") in the customer contract. The amount of revenue we recognize does not equal customer cash payments because we satisfy performance obligations ahead of cash receipt or evenly as we provide continuous access on a stand-ready basis to the solar energy system. We reflect the differences between revenue recognition and cash payments received in accounts receivable, other assets or deferred revenue, as appropriate. Revenue allocated to remaining performance obligations represents contracted revenue we have not yet recognized and includes deferred revenue as well as amounts that will be invoiced and recognized as revenue in future periods. Contracted but not yet recognized revenue was approximately $5.4 billion as of December 31, 2023, of which we expect to recognize approximately 4% over the next 12 months. We do not expect the annual recognition to vary significantly over approximately the next 20 years as the vast majority of existing customer agreements have at least 20 years remaining, given the average age of the fleet of solar energy systems under contract is less than four years. Certain customers may receive cash incentives. We defer recognition of the payment of these cash incentives and recognize them over the life of the contract as a reduction to revenue. The deferred payment is recorded in other assets for customers who receive the cash incentives under our lease and PPA agreements, and as a contra-liability in other long-term liabilities for customers who receive the cash incentives under our loan agreements. PPAs. Customers purchase electricity from us under PPAs. Pursuant to ASC 606, we recognize revenue based upon the amount of electricity delivered as determined by remote monitoring equipment at solar rates specified under the PPAs. All customers must pass our credit evaluation process. The PPAs generally have a term of 20 or 25 years with an opportunity for customers to renew for up to an additional 10 years, via two five-year or one 10-year renewal options. Leases. We are the lessor under lease agreements for solar energy systems and energy storage systems, which do not meet the definition of a lease under ASC 842 and are accounted for as contracts with customers under ASC 606. We recognize revenue on a straight-line basis over the contract term as we satisfy our obligation to provide continuous access to the solar energy system. All customers must pass our credit evaluation process. The lease agreements generally have a term of 20 or 25 years with an opportunity for customers to renew for up to an additional 10 years, via two five-year or one 10-year renewal options. In most cases, we provide customers under our lease agreements a performance guarantee that each solar energy system will achieve a certain specified minimum solar energy production output, which is a significant proportion of its expected output. The specified minimum solar energy production output may not be achieved due to natural fluctuations in the weather or equipment failures from exposure and wear and tear outside of our control, among other factors. We determine the amount of the guaranteed output based on a number of different factors, including: (a) the specific site information related to the tilt of the panels, azimuth (a horizontal angle measured clockwise in degrees from a reference direction) of the panels, size of the system, and shading on site; (b) the calculated amount of available irradiance (amount of energy for a given flat surface facing a specific direction) based on historical average weather data and (c) the calculated amount of energy output of the solar energy system. While actual irradiance levels can significantly change year over year due to natural fluctuations in the weather, we expect the levels to average out over the term of a lease and to approximate the levels used in determining the amount of the performance guarantee. Generally, weather fluctuations are the most likely reason a solar energy system may not achieve a certain specified minimum solar energy production output. If the solar energy system does not produce the guaranteed production amount, we are required to refund a portion of the previously remitted customer payments, where the repayment is calculated as the product of (a) the shortfall production amount and (b) the dollar amount (guaranteed rate) per kWh that is fixed throughout the term of the contract. These remittances of a customer's payments, if needed, are payable as early as the first anniversary of the solar energy system's placed in service date and then every annual period thereafter. See Note 17, Commitments and Contingencies. Inventory Sales. Inventory sales revenue represents revenue from the direct sale of inventory to our dealers or other parties. We recognize the related revenue under ASC 606 upon shipment or upon sale when a bill and hold agreement is in place. Shipping and handling costs are included in cost of revenue—inventory sales in the consolidated statements of operations. Service Revenue. Service revenue includes sales of service plans and repair services. Service plans are available to customers whose solar energy system was not originally sold by Sunnova. We recognize revenue from service plan contracts on a straight-line basis over the life of the contract, which is typically 10 years. We recognize revenue from repair services in the period in which the service was performed. Direct Sales Revenue. Direct sales revenue includes revenue from the direct sale of solar energy systems and energy storage systems to customers with financing provided by us. We recognize revenue from the direct sale of solar energy systems and energy storage systems in the period in which the systems are placed in service. Solar Renewable Energy Certificates. Each solar renewable energy certificate ("SREC") represents the environmental benefit of one megawatt hour (1,000 kWh) generated by a solar energy system. SRECs can be sold separate from the actual electricity generated by the renewable-based generation source. We account for the SRECs we generate from our solar energy systems as governmental incentives with no costs incurred to obtain them and do not consider those SRECs output of the underlying solar energy systems. We classify these SRECs as inventory held until sold and delivered to third parties. As we did not incur costs to obtain these governmental incentives, the inventory carrying value for the SRECs was $0 as of December 31, 2023 and 2022. We enter into economic hedges related to expected production of SRECs through forward contracts. While these fixed price forward contracts serve as an economic hedge against spot price fluctuations for the SRECs, the contracts do not qualify for hedge accounting and are not designated as cash flow hedges or fair value hedges. The contracts require us to physically deliver the SRECs upon settlement. We recognize the related revenue under ASC 606 upon satisfaction of the performance obligation to transfer the SRECs to the stated counterparty. Payments are typically received within one month of transferring the SREC to the counterparty. The costs related to the sales of SRECs are generally limited to broker fees (recorded in cost of revenue—other), which are only paid in connection with certain transactions. In certain circumstances we are required to purchase SRECs on the open market to fulfill minimum delivery requirements under our forward contracts. Cash Sales. Cash sales revenue represents revenue from a customer's purchase of a solar energy system from us typically when purchasing a new home. We recognize the related revenue under ASC 606 upon verification of the home closing. Loans. See discussion of loan revenue in the "Loans" section below. Other Revenue. Other revenue includes certain state and utility incentives. We recognize revenue from state and utility incentives in the periods in which they are earned. Loans We offer a loan program, under which the customer finances the purchase of a solar energy system, energy storage system and/or accessory through a customer agreement, typically for a term of 10, 15 or 25 years. We recognize cash payments received from customers on a monthly basis under our loan program (a) as interest income, to the extent attributable to earned interest on the contract that financed the customer's purchase; (b) as a reduction of a note receivable on the balance sheet, to the extent attributable to a return of principal (whether scheduled or prepaid) on the contract that financed the customer's purchase; and (c) as revenue, to the extent attributable to payments for operations and maintenance services provided by us. To qualify for the loan program, a customer must pass our credit evaluation process, which requires the customer to have a minimum FICO® score of 600 to 710 depending on certain circumstances, and we secure the loans with the solar energy systems, energy storage systems or accessories financed. The credit evaluation process is performed once for each customer at the time the customer is entering into the customer agreement with us. Our investments in solar energy systems, energy storage systems and accessories related to the loan program that are not yet placed in service are recorded in other assets in the consolidated balance sheets and are transferred to customer notes receivable upon being placed in service. Customer notes receivable are recorded at amortized cost, net of an allowance for credit losses (as described below), in other current assets and customer notes receivable in the consolidated balance sheets. Accrued interest receivable related to our customer notes receivable is recorded in accounts receivable—trade, net in the consolidated balance sheets. Interest income from customer notes receivable is recorded in interest income in the consolidated statements of operations. The amortized cost of our customer notes receivable is equal to the principal balance of customer notes receivable outstanding and does not include accrued interest receivable. Customer notes receivable continue to accrue interest until they are written off against the allowance, which occurs when the balance is 180 days or more past due unless the balance is in the process of collection. Customer notes receivable are considered past due one day after the due date based on the contractual terms of the loan agreement. In all cases, customer notes receivable balances are placed on a nonaccrual status or written off at an earlier date when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously written off and expected to be written off. Accrued interest receivable for customer notes receivable placed on a nonaccrual status is recorded as a reduction to interest income. Interest received on such customer notes receivable is accounted for on a cash basis until the customer notes receivable qualifies for the return to accrual status. Customer notes receivable are returned to accrual status when there is no longer any principal or interest amounts past due and future payments are reasonably assured. The allowance for credit losses is deducted from the customer notes receivable amortized cost to present the net amount expected to be collected. It is measured on a collective (pool) basis when similar risk characteristics (such as financial asset type, customer credit rating, contractual term and vintage) exist. In determining the allowance for credit losses, we identify customers with potential disputes or collection issues and consider our historical level of credit losses and current economic trends that might impact the level of future credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics, such as differences in underwriting standards. Expected credit losses are estimated over the contractual term of the loan agreements based on the best available data at the time and adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: (a) we have a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual customer or (b) the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancelable by us. Expected credit losses are recorded in general and administrative expense in the consolidated statements of operations. See Note 7, Customer Notes Receivable. Deferred Revenue Deferred revenue consists of amounts for which the criteria for revenue recognition have not yet been met and includes (a) payments for unfulfilled performance obligations that will be recognized on a straight-line basis over the remaining term of the respective customer agreements, net of any cash incentives earned by the customers, (b) down payments and partial or full prepayments from customers and (c) differences due to the timing of energy production versus billing for certain types of PPAs.
Performance Guarantee Obligations	Performance Guarantee Obligations In most cases, we guarantee certain specified minimum solar energy production output under our leases and loan agreements, generally over a term between 10 and 25 years. The amounts are generally measured and credited to the customer's account as early as the first anniversary of the solar energy system's placed in service date and then every annual period thereafter. We monitor the solar energy systems to ensure these outputs are achieved. We evaluate if any amounts are due to our customers based upon not meeting the guaranteed solar energy production outputs at each reporting period end. For leases, these estimated amounts are recorded as a reduction to revenues from customers and a current or long-term liability, as applicable. For loans, these estimated amounts are recorded as an increase to cost of revenue—other and a current or long-term liability, as applicable. See Note 17, Commitments and Contingencies.
Property and Equipment	Property and Equipment Solar Energy Systems and Energy Storage Systems. Depreciation and amortization of solar energy systems and energy storage systems are calculated using the straight-line method over the estimated useful lives of the solar energy systems and energy storage systems and are recorded in cost of revenue—depreciation. While solar energy systems and energy storage systems are in the design, construction and installation stages prior to being placed in service, the development of the systems is accounted for through construction in progress. The components of the design, construction and installation of the solar energy systems and energy storage systems are as follows: •Dealer's costs (engineering, procurement and construction) •Direct costs (costs directly related to a solar energy system or energy storage system) •Indirect costs (costs incurred in the design, construction and installation of the solar energy system or energy storage system but not directly associated with a particular asset) Solar energy systems and energy storage systems are carried at the cost of acquisition or construction (including design and installation) less certain utility rebates and are depreciated over the useful lives of the assets. Depreciation begins when a solar energy system or energy storage system is placed in service. Costs associated with repair and maintenance of a solar energy system or energy storage system are expensed as incurred. Costs associated with improvements to a solar energy system or energy storage system, which extend the life, increase the capacity or improve the efficiency of the systems, are capitalized and depreciated over the remaining life of the asset. Property and Equipment, Excluding Solar Energy Systems and Energy Storage Systems. Property and equipment, including information technology system projects, computers and equipment, leasehold improvements, furniture and fixtures, vehicles and other property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the respective assets and are recorded in general and administrative expense. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives. Upon disposition, the cost and related accumulated depreciation of the assets are removed from property and equipment and the resulting gain or loss is reflected in the consolidated statements of operations. Repair and maintenance costs are expensed as incurred.
Acquisitions	Acquisitions Business combinations are accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations, as amended by Accounting Standards Update ("ASU") No. 2017-01, Business Combinations: Clarifying the Definition of a Business. The purchase price of an acquisition is measured at the estimated fair value of the assets acquired, equity instruments issued and liabilities assumed at the acquisition date. Any noncontrolling interests acquired are also initially measured at fair value. Costs that are directly attributable to the acquisition are expensed as incurred to general and administrative expense. We recognize goodwill if the aggregate fair value of the total purchase consideration and the noncontrolling interests is in excess of the aggregate fair value of the assets acquired and liabilities assumed. We may engage third-party valuation firms to assist in determining the fair values. The operating results of an acquired business are included in our results of operations from the date of acquisition. We have up to one year from the acquisition date to complete the fair value purchase price allocation. See Note 12, Acquisitions. Asset acquisitions are measured based on the cost to us, including transaction costs. Asset acquisition costs, or the consideration transferred by us, are assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash we paid to the seller, as well as transaction costs incurred. Consideration given in the form of non-monetary assets, liabilities incurred or equity instruments issued is measured based on either the cost to us or the fair value of the assets or net assets acquired, whichever is more clearly evident. The cost of an asset acquisition is allocated to the assets acquired based on their estimated fair values. Goodwill is not recognized in an asset acquisition.
Intangibles	Intangibles Our purchased intangible assets are stated at cost less accumulated amortization. Our intangible assets acquired from a business combination or asset acquisition are stated at the estimated fair value on the date of the acquisition less accumulated amortization (see Note 12, Acquisitions). We amortize intangible assets to general and administrative expense using the straight-line method.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. Goodwill is reviewed for impairment at least annually or whenever events or changes in circumstances indicate the carrying amount may be impaired. When assessing goodwill for impairment, we use qualitative and if necessary, quantitative methods in accordance with GAAP. Our annual assessment date is October 31. We utilized a qualitative assessment and concluded it was more likely than not the carrying amount was greater than the fair value due to a sustained decline in our share price. Our review considered performance compared to released guidance, renewable market factors, liquidity and market capitalization including stock price along with other market factors including interest rate changes and inflation. Based on this assessment, we performed a quantitative assessment using the market approach. Our market capitalization, after consideration of a control premium, was lower than the book value of equity and thus, we recognized goodwill impairment of $13.2 million in the fourth quarter of 2023.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are capitalized and amortized to interest expense, net over the term of the related debt using the effective interest method for term loans or the straight-line method for revolving credit facilities. The unamortized balance of deferred financing costs is recorded in current portion of long-term debt, current portion of long-term debt—affiliates, long-term debt, net and long-term debt, net—affiliates (see Note 9, Long-Term Debt) for term loans or in other current assets and other assets for revolving credit facilities and debt and equity transactions not yet completed, in the consolidated balance sheets.
Asset Retirement Obligation ("ARO")	Asset Retirement Obligation ("ARO") We have AROs arising from contractual requirements to perform certain asset retirement activities at the time the solar energy systems are disposed. We recognize an ARO at the point an obligating event takes place, typically when the solar energy system is placed in service. An asset is considered retired when it is permanently taken out of service, such as through a sale or disposal. The liability is initially measured at fair value (as a Level 3 measurement) based on the present value of estimated removal and restoration costs and subsequently adjusted for changes in the underlying assumptions and for accretion expense. The accretion expense is recognized in general and administrative expense in the consolidated statements of operations. The corresponding asset retirement costs are capitalized as part of the carrying amount of the solar energy system and depreciated over the solar energy system's remaining useful life. See Note 6, AROs.
Warranty Obligations	Warranty Obligations In connection with our customer agreements, we warrant the solar energy systems against defects in workmanship, against component or materials breakdowns and against any damages to rooftops during the installation process. The dealers' warranties on the workmanship, including work during the installation process, and the manufacturers' warranties over component parts have a range of warranty periods which are generally 10 to 25 years. As of December 31, 2023 and 2022, a warranty reserve of $6.0 million and $3.0 million, respectively, is recorded in other long-term liabilities in the consolidated balance sheets.
Advertising Costs	Advertising Costs We expense advertising costs as they are incurred to general and administrative expense in the consolidated statements of operations.
Defined Contribution Plan	Defined Contribution Plan In April 2015, we established the Sunnova Energy Corporation 401(k) Profit Sharing Plan ("401(k) plan") available to employees who meet the 401(k) plan's eligibility requirements. The 401(k) plan allows participants to contribute a percentage of their compensation to the 401(k) plan up to the limits set forth in the Internal Revenue Code. We may make additional discretionary contributions to the 401(k) plan as a percentage of total participant contributions, subject to established limits. Participants are fully vested in their contributions and any safe harbor matching contributions we make. We made safe harbor matching contributions of $4.2 million, $1.8 million and $1.3 million during the years ended December 31, 2023, 2022 and 2021, respectively, which are recorded in general and administrative expense in the consolidated statements of operations.
Income Taxes	Income Taxes We account for income taxes under an asset and liability approach. Deferred income taxes reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and the amounts recognized for income tax reporting purposes, net operating loss, carryforwards, and other tax credits measured by applying currently enacted tax laws. A valuation allowance is provided when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized. We determine whether a tax position taken in a filed tax return, planned to be taken in a future tax return or claim, or otherwise subject to interpretation, is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position, or prospectively approved when such approval may be sought in advance. We use a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates it is more likely than not the position will be sustained upon tax authority examination, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit or obligation as the largest amount that is more than 50% likely of being realized upon ultimate settlement. See Note 11, Income Taxes.
Comprehensive Income (Loss)	Comprehensive Income (Loss) We are required to report comprehensive income (loss), which includes net income (loss) as well as other comprehensive income (loss). There were no differences between comprehensive loss and net loss as reported in the consolidated statements of operations for the periods presented.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset be tested for possible impairment, we first compare undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals as considered necessary. Impairment charges are recorded in operations and maintenance expense for solar energy systems that relate to revenue from contracts with customers and general and administrative expense for all other property and equipment and other long-lived assets.
Segment Information	Segment Information Operating segments are defined as components of a company about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is the chief executive officer. Based on the financial information presented to and reviewed by our chief operating decision maker in deciding how to allocate resources and in assessing performance, we have determined we have a single reportable segment: solar energy products and services. Our principal operations, revenue and decision-making functions are located in the U.S.
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share Our basic net income (loss) per share attributable to stockholders is calculated by dividing the net income (loss) attributable to stockholders by the weighted-average number of shares of common stock outstanding for the period. Our diluted net income (loss) per share attributable to stockholders is calculated by giving effect to all potential common stock equivalents outstanding for the period determined using the treasury stock method or the if-converted method, as applicable. During periods in which we incur a net loss attributable to stockholders, stock options and restricted stock units are considered to be common stock equivalents but are excluded from the calculation of diluted net loss per share attributable to stockholders as the effect is antidilutive. See Note 16, Basic and Diluted Net Loss Per Share.
Equity-Based Compensation	Equity-Based Compensation We account for equity-based compensation, which requires the measurement and recognition of compensation expense related to the fair value of equity-based compensation awards. Equity-based compensation expense includes the compensation cost for all share-based awards granted to employees, consultants and members of our board of directors (our "Board") based on the grant date fair value estimate. This also applies to awards modified, repurchased or canceled during the periods reported. We use the Black-Scholes option-pricing model to measure the fair value of stock options at the measurement date. We use the closing price of our common stock on the grant date to measure the fair value of restricted stock units at the measurement date. We account for forfeitures as they occur. Equity-based compensation expense is recorded in general and administrative expense in the consolidated statements of operations. See Note 15, Equity-Based Compensation.
Redeemable Noncontrolling Interests and Noncontrolling Interests	Redeemable Noncontrolling Interests and Noncontrolling Interests Noncontrolling interests represent third-party interests in the net assets of certain consolidated subsidiaries (the "tax equity entities"). For these tax equity entities, we have determined the appropriate methodology for calculating the noncontrolling interest balances that reflects the substantive economic arrangements in the operating agreements is a balance sheet approach using the hypothetical liquidation at book value ("HLBV") method. Under the HLBV method, the amounts reported as noncontrolling interests in the consolidated balance sheets represent the amounts third-party investors would hypothetically receive at each balance sheet date under the liquidation provisions of the operating agreements, assuming the net assets of the subsidiaries were liquidated at amounts determined in accordance with GAAP and distributed to the investors. The noncontrolling interest balances in these subsidiaries are reported as a component of equity in the consolidated balance sheets. The amount of income or loss allocated to noncontrolling interests in the results of operations for the subsidiaries using HLBV are determined as the difference in the noncontrolling interest balances in the consolidated balance sheets at the start and end of each reporting period, after taking into account any capital transactions between the subsidiaries and the third-party investors. Factors used in the HLBV calculation include GAAP income (loss), taxable income (loss), capital contributions, investment tax credits, distributions and the stipulated targeted investor return specified in the subsidiaries' operating agreements. Changes in these factors could have a significant impact on the amounts that investors would receive upon a hypothetical liquidation. The use of the HLBV method to allocate income (loss) to the noncontrolling interest holders may create volatility in the consolidated statements of operations as the application of HLBV can drive changes in net income or loss attributable to noncontrolling interests from period to period. We classify certain noncontrolling interests with redemption features that are not solely within our control outside of permanent equity in the consolidated balance sheets. Redeemable noncontrolling interests are reported using the greater of the carrying value at each reporting date as determined by the HLBV method or the estimated redemption value at the end of each reporting period. Estimating the redemption value of the redeemable noncontrolling interests requires the use of significant assumptions and estimates, such as projected future cash flows at the time the redemption feature can be exercised. The redeemable noncontrolling interests and noncontrolling interests are recorded net of related issuance costs and net of the basis difference in the solar energy systems transferred to the tax equity entities in the consolidated balance sheets. This basis difference is reflected as equity in subsidiaries attributable to parent in the consolidated statements of redeemable noncontrolling interests and equity. When we exercise our purchase option to purchase the Class A member's interest in a tax equity entity, the difference between the purchase price and carrying value of the redeemable noncontrolling interest or noncontrolling interest immediately prior to the purchase is reflected as an adjustment to accumulated deficit and no gain or loss is recognized in the consolidated statements of operations.
Self-Insurance	Self-Insurance In January 2023, we changed our health insurance policy for qualifying employees in the U.S. from a fully-insured policy to a self-insured policy in order to administer insurance coverage to our employees at a lower cost to us. The change in insurance policy did not have a significant impact on our consolidated financial statements and related disclosures. Under the self-insured policy, we maintain stop-loss coverage from a third party that limits our exposure to large claims. We record a liability associated with these benefits that includes an estimate of both claims filed and losses incurred but not yet reported based on historical claims experience. In estimating this accrual, we utilize a third-party actuary to estimate a range of expected losses, which are based on an analysis of historical data. Assumptions are monitored and adjusted when warranted by changing circumstances. We record our liability for estimated losses under our self-insured policy in accrued liabilities in the consolidated balance sheets. As of December 31, 2023, our liability for self-insured claims was $3.5 million, which represents our best estimate of the future cost of claims incurred as of that date. We believe we have adequate reserves for these claims as of December 31, 2023; however, the actual value of such claims could be significantly affected if future occurrences and claims differ from these assumptions.
New Accounting Guidance	New Accounting Guidance New accounting pronouncements are issued by the FASB or other standard setting bodies and are adopted as of the specified effective date. In March 2022, the FASB issued Accounting Standards Update ("ASU") No. 2022-02, Financial Instruments—Credit Losses: Troubled Debt Restructurings and Vintage Disclosures, to eliminate the accounting guidance for troubled debt restructurings while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. This ASU is effective for annual and interim reporting periods beginning in January 2023. We adopted this ASU in January 2023 and determined it did not have a significant impact on our consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures, to refine and ensure a broader and more transparent representation of segment-related financial activities. This ASU is effective for annual periods beginning in January 2024. We are currently evaluating the impact of this ASU on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes: Improvements to Income Tax Disclosures, to improve the transparency and effectiveness of income tax disclosures, including rate reconciliation and income taxes paid. This ASU is effective for annual periods beginning in January 2025. We are currently evaluating the impact of this ASU on our consolidated financial statements and related disclosures.

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

The following table presents the detail of restricted cash as recorded in other current assets and other assets in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Debt and inverter reserves	$	247,394	$	132,634
Tax equity reserves	25,778		46,684

Other	8,398		5,999
Total (1)	$	281,570	$	185,317

(1) Of this amount, $62.2 million and $51.7 million is recorded in other current assets as of December 31, 2023 and 2022, respectively.

Changes in the allowance for credit losses

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


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	1,676	$	1,044
Provision for current expected credit losses		4,978		2,858
Write off of uncollectible accounts		(4,370)		(2,490)
Recoveries		275		264

Balance at end of period		$	2,559	$	1,676

The following table presents the changes in the allowance for credit losses recorded against accounts receivable—other in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	—	$	—
Provision for current expected credit losses		18,402		—
Write off of uncollectible accounts		(5,357)		—


Balance at end of period		$	13,045	$	—

The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	81,248	$	41,138
Provision for current expected credit losses		35,229		40,074

Recoveries		—		36

Balance at end of period		$	116,477	$	81,248

Schedule of inventory

The following table presents the detail of inventory as recorded in other current assets in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Energy storage systems and components	$	83,178	$	74,968
Homebuilder construction in progress	36,461		43,116
Modules and inverters	27,143		32,798

Meters and modems	1,793		1,166
Other	—		65
Total	$	148,575	$	152,113

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following tables present our financial instruments measured at fair value on a recurring basis as of December 31, 2023 and 2022:


	As of December 31, 2023
	Total		Level 1		Level 2		Level 3
	(in thousands)
Financial assets:
Investments in solar receivables	$	69,334	$	—	$	—	$	69,334
Derivative assets	55,471		—		55,471		—
Total	$	124,805	$	—	$	55,471	$	69,334

Financial liabilities:
Contingent consideration	$	19,916	$	—	$	—	$	19,916

Total	$	19,916	$	—	$	—	$	19,916


	As of December 31, 2022
	Total		Level 1		Level 2		Level 3
	(in thousands)
Financial assets:
Investments in solar receivables	$	72,171	$	—	$	—	$	72,171
Derivative assets	112,712		—		112,712		—
Total	$	184,883	$	—	$	112,712	$	72,171

Financial liabilities:
Contingent consideration	$	26,787	$	—	$	—	$	26,787

Total	$	26,787	$	—	$	—	$	26,787

Schedule of Changes in Fair Value of Financial Assets on a Recurring Basis

The following table summarizes the change in the fair value of our financial assets accounted for at fair value on a recurring basis using Level 3 inputs as recorded in other current assets and other assets (see Note 5, Detail of Certain Balance Sheet Captions) in the consolidated balance sheets:


	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	72,171	$	82,658
Additions	969		—
Settlements	(11,528)		(11,581)
Gain recognized in earnings	7,722		1,094

Balance at end of period	$	69,334	$	72,171

Schedule of changes in fair value of liabilities accounted for an a recurring basis

The following table summarizes the change in the fair value of our financial liabilities accounted for at fair value on a recurring basis using Level 3 inputs as recorded in other long-term liabilities in the consolidated balance sheets:


	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	26,787	$	67,895

Settlements	(10,832)		(16,014)
(Gain) loss recognized in earnings	3,961		(25,094)

Balance at end of period	$	19,916	$	26,787

The following table summarizes the significant unobservable inputs used in the valuation of our liabilities as of December 31, 2023 using Level 3 inputs:

Unobservable
Input

Weighted
Average

Liabilities:

Contingent consideration - installation earnout

Volatility

30.00%

Revenue risk premium

15.90%

Risk-free discount rate

4.65%

Contingent consideration - microgrid earnout

Probability of success

10.00%

Risk-free discount rate

4.65%

Significant increases or decreases in the volatility, revenue risk premium, probability of success or risk-free discount rate in isolation could result in a significantly higher or lower fair value measurement.

Disaggregation of revenue

The following table presents the detail of revenue as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
PPA revenue		$	123,646	$	104,563	$	86,087
Lease revenue		147,788		100,070		71,784
Inventory sales revenue		185,855		195,979		—
Service revenue		16,197		4,178		2,049
Direct sales revenue		60,590		8,484		1,212
Solar renewable energy certificate revenue		50,375		48,698		41,537
Cash sales revenue		96,072		72,425		27,176
Loan revenue		34,716		18,601		7,768
Other revenue		5,414		4,692		4,139
Total		$	720,653	$	557,690	$	241,752

Deferred revenue schedule

The following table presents the detail of deferred revenue as recorded in other current liabilities and other long-term liabilities in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Loans	$	930,999	$	586,128
PPAs and leases	55,651		24,893
Solar receivables	4,339		4,602

Other	14		—
Total (1)	$	991,003	$	615,623

(1) Of this amount, $50.8 million and $30.2 million is recorded in other current liabilities as of December 31, 2023 and 2022, respectively.

Schedule of intangible assets

The following table presents the detail of intangible assets as recorded in other assets in the consolidated balance sheets:



		As of December 31,
	Useful Lives	2023		2022
	(in years)	(in thousands)
Customer relationships - system sales	10	$	145,496	$	145,496
Customer relationships - servicing	10	3,471		3,471
Customer relationships - new customers	4	29,761		29,761
Trade name	15	11,899		11,899
Tax equity commitment	4	21,209		21,209
Software license	3	331		331
Trademark	3	68		68
Other	3-25	499		521
Intangible assets, gross		212,734		212,756
Less: accumulated amortization		(78,676)		(50,244)
Intangible assets, net		$	134,058	$	162,512

Schedule of amortization expense related to intangible assets

As of December 31, 2023, amortization expense related to intangible assets to be recognized is as follows:


	Amortization Expense
	(in thousands)
2024	$	28,450
2025	18,893
2026	15,707
2027	15,707
2028	15,707
2029 and thereafter	39,594
Total	$	134,058

Changes in deferred financing costs

The following table presents the changes in net deferred financing costs:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	76,525	$	56,056
Capitalized	77,062		34,109
Amortized	(25,226)		(13,640)
Balance at end of period	$	128,361	$	76,525

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment

The following table presents the detail of property and equipment, net as recorded in the consolidated balance sheets:



		As of December 31,
	Useful Lives	2023		2022
	(in years)	(in thousands)
Solar energy systems and energy storage systems	35	$	5,443,796	$	3,719,727
Construction in progress		530,180		329,893
Asset retirement obligations	30	78,538		57,063
Information technology systems	3	130,300		72,797
Computers and equipment	3-5	7,503		4,976
Leasehold improvements	3-6	6,170		5,558
Furniture and fixtures	7	1,172		1,172
Vehicles	4-5	1,640		1,640
Other	5-6	419		157
Property and equipment, gross		6,199,718		4,192,983
Less: accumulated depreciation		(560,924)		(408,182)
Property and equipment, net		$	5,638,794	$	3,784,801

Natural Disaster Losses (Tables)

12 Months Ended

Dec. 31, 2023

Unusual or Infrequent Items, or Both [Abstract]

Schedule of disaster losses

The following table presents the impact of the natural disaster losses as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Operations and maintenance expense:
Impairment of solar energy systems due to natural disaster losses		$	3,865	$	—	$	—
Insurance proceeds received/expected to be received—property damage		(3,400)		—		—
Insurance proceeds received—business interruption		(350)		—		—
Other natural disaster-related charges		1,635		633		—
General and administrative expense:
Other natural disaster-related charges		730		532		—
Total		$	2,480	$	1,165	$	—

Detail of Certain Balance Sheet Captions (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of other current assets

The following table presents the detail of other current assets as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Inventory	$	148,575	$	152,113
Current portion of customer notes receivable	176,562		114,910
Restricted cash	62,188		51,733
Prepaid assets	25,996		17,492
Deferred receivables	7,601		7,392
Current portion of investments in solar receivables	7,457		7,107


Other	920		553
Total	$	429,299	$	351,300

Schedule of other assets

The following table presents the detail of other assets as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Construction in progress - customer notes receivable	$	159,066	$	382,611
Restricted cash	219,382		133,584
Exclusivity and other bonus arrangements with dealers, net	166,359		121,313
Investments in solar receivables	61,877		65,064
Straight-line revenue adjustment, net	62,941		53,086
Other	226,260		206,233
Total	$	895,885	$	961,891

Schedule of other current liabilities

The following table presents the detail of other current liabilities as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Interest payable	$	67,647	$	35,258
Deferred revenue	50,815		30,172
Current portion of operating and finance lease liability	4,231		3,247
Current portion of performance guarantee obligations	2,667		2,495
Other	8,289		334
Total	$	133,649	$	71,506

AROs (Tables)

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Schedule of changes in AROs

The following table presents the changes in AROs as recorded in other long-term liabilities in the consolidated balance sheets:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	69,869	$	54,396
Additional obligations incurred	21,529		11,871
Accretion expense	4,905		3,701

Other	(76)		(99)
Balance at end of period	$	96,227	$	69,869

Customer Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Fair values of notes receivable and corresponding carrying amounts

The following table presents the detail of customer notes receivable as recorded in the consolidated balance sheets and the corresponding fair values:



	As of December 31,
	2023		2022
	(in thousands)
Customer notes receivable	$	4,029,025	$	2,662,307
Allowance for credit losses	(116,477)		(81,248)
Customer notes receivable, net	$	3,912,548	$	2,581,059
Estimated fair value, net	$	3,800,754	$	2,554,948

Changes in the allowance for credit losses

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


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	1,676	$	1,044
Provision for current expected credit losses		4,978		2,858
Write off of uncollectible accounts		(4,370)		(2,490)
Recoveries		275		264

Balance at end of period		$	2,559	$	1,676

The following table presents the changes in the allowance for credit losses recorded against accounts receivable—other in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	—	$	—
Provision for current expected credit losses		18,402		—
Write off of uncollectible accounts		(5,357)		—


Balance at end of period		$	13,045	$	—

The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the consolidated balance sheets:


	Year Ended December 31,
		2023		2022
		(in thousands)
Balance at beginning of period		$	81,248	$	41,138
Provision for current expected credit losses		35,229		40,074

Recoveries		—		36

Balance at end of period		$	116,477	$	81,248

Financing receivable, past due

The following table presents the aging of the amortized cost of customer notes receivable:



	As of December 31,
	2023		2022
	(in thousands)
1-90 days past due	$	164,150	$	91,668
91-180 days past due	40,428		16,859
Greater than 180 days past due	77,110		14,504
Total past due	281,688		123,031
Not past due	3,747,337		2,539,276
Total	$	4,029,025	$	2,662,307

Financing receivable amortized cost of customer notes receivable

The following table presents the amortized cost by origination year of our customer notes receivable based on payment activity:


	Amortized Cost by Origination Year
	2023		2022		2021		2020		2019		Prior		Total
	(in thousands)
Payment performance:
Performing	$	1,482,469	$	1,339,528	$	692,995	$	212,119	$	109,781	$	115,023	$	3,951,915
Nonperforming (1)	8,612		30,877		19,148		5,491		4,792		8,190		77,110
Total	$	1,491,081	$	1,370,405	$	712,143	$	217,610	$	114,573	$	123,213	$	4,029,025

(1) A nonperforming loan is a loan in which the customer is in default and has not made any scheduled principal or interest payments for 181 days or more.

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table presents the detail of long-term debt, net as recorded in the consolidated balance sheets:


	Year Ended December 31, 2023 Weighted Average Effective Interest Rates		As of December 31, 2023				Year Ended December 31, 2022 Weighted Average Effective Interest Rates		As of December 31, 2022
			Long-term		Current				Long-term		Current
	(in thousands, except interest rates)
SEI
0.25% convertible senior notes	0.71	%	$	575,000	$	—	0.71	%	$	575,000	$	—
2.625% convertible senior notes	3.03	%	600,000		—		3.11	%	600,000		—
Debt discount, net			(19,174)		—				(24,324)		—
Deferred financing costs, net			(748)		—				(920)		—
Sunnova Energy Corporation
Notes payable	7.07	%	—		3,084				—		—
5.875% senior notes	6.53	%	400,000		—		6.52	%	400,000		—
11.75% senior notes	12.02	%	400,000		—				—		—
Debt discount, net			(13,288)		—				(3,767)		—
Deferred financing costs, net			(12,119)		—				(7,339)		—
EZOP
Revolving credit facility	8.72	%	511,000		—		5.10	%	500,000		—
Debt discount, net			(302)		—				(532)		—
HELII
Solar asset-backed notes	5.64	%	194,933		9,065		5.69	%	204,016		8,632
Debt discount, net			(24)		—				(30)		—
Deferred financing costs, net			(2,926)		—				(3,591)		—
RAYSI
Solar asset-backed notes	5.55	%	105,096		6,349		5.54	%	105,878		9,957
Debt discount, net			(753)		—				(960)		—


Deferred financing costs, net			(3,004)	—			(3,451)	—
HELIII
Solar loan-backed notes	4.43	%	86,232	9,983	4.42	%	94,247	10,438
Debt discount, net			(1,250)	—			(1,536)	—
Deferred financing costs, net			(1,200)	—			(1,474)	—
TEPH
Revolving credit facility	10.03	%	1,036,600	—	7.74	%	425,700	—
Debt discount, net			(1,168)	—			(2,043)	—
SOLI
Solar asset-backed notes	3.91	%	335,874	12,965	3.92	%	348,962	16,063
Debt discount, net			(74)	—			(87)	—
Deferred financing costs, net			(5,769)	—			(6,827)	—
HELIV
Solar loan-backed notes	4.16	%	97,458	10,854	4.15	%	105,655	11,494
Debt discount, net			(417)	—			(564)	—
Deferred financing costs, net			(1,955)	—			(2,609)	—
AP8
Revolving credit facility	9.42	%	—	215,000	20.52	%	74,535	465
SOLII
Solar asset-backed notes	3.90	%	221,955	7,195	3.41	%	232,276	6,409
Debt discount, net			(56)	—			(64)	—
Deferred financing costs, net			(3,948)	—			(4,576)	—
HELV
Solar loan-backed notes	2.49	%	134,473	13,496	2.47	%	143,940	14,367
Debt discount, net			(540)	—			(690)	—
Deferred financing costs, net			(2,094)	—			(2,661)	—
SOLIII
Solar asset-backed notes	2.81	%	257,545	15,762	2.78	%	275,779	16,632
Debt discount, net			(102)	—			(117)	—
Deferred financing costs, net			(4,871)	—			(5,616)	—
HELVI
Solar loan-backed notes	2.10	%	159,901	13,521	2.08	%	167,669	16,770
Debt discount, net			(32)	—			(40)	—
Deferred financing costs, net			(2,345)	—			(2,909)	—
HELVII
Solar loan-backed notes	2.53	%	123,494	10,221	2.50	%	126,856	16,058
Debt discount, net			(31)	—			(38)	—
Deferred financing costs, net			(1,797)	—			(2,193)	—
HELVIII
Solar loan-backed notes	3.62	%	243,020	19,995	3.54	%	250,014	31,099
Debt discount, net			(4,355)	—			(5,267)	—
Deferred financing costs, net			(3,395)	—			(4,080)	—
SOLIV
Solar asset-backed notes	5.90	%	325,612	8,464	5.76	%	338,251	8,080
Debt discount, net			(9,440)	—			(11,190)	—
Deferred financing costs, net			(6,759)	—			(7,996)	—
HELIX
Solar loan-backed notes	5.64	%	196,174	15,246	5.46	%	193,837	29,632
Debt discount, net			(3,027)	—			(3,589)	—
Deferred financing costs, net			(2,798)	—			(3,303)	—
HELX
Solar loan-backed notes	7.38	%	200,842	19,996	6.23	%	162,301	18,335
Debt discount, net			(17,015)	—			(12,459)	—
Deferred financing costs, net			(3,064)	—			(3,319)	—
IS


Revolving credit facility	8.90	%	31,300		—		—		—

SOLV
Solar asset-backed notes	6.93	%	312,844		7,775		—		—
Debt discount, net			(15,491)		—		—		—
Deferred financing costs, net			(6,682)		—		—		—
HELXI
Solar loan-backed notes	6.29	%	247,251		31,240		—		—
Debt discount, net			(12,007)		—		—		—
Deferred financing costs, net			(5,195)		—		—		—
HELXII
Solar loan-backed notes	6.71	%	210,263		26,661		—		—
Debt discount, net			(13,065)		—		—		—
Deferred financing costs, net			(4,135)		—		—		—
AP9
Revolving credit facility	19.30	%	12,118		—		—		—
Debt discount, net			(572)		—		—		—
HESI
Solar loan-backed notes	10.94	%	213,432		26,625		—		—
Debt discount, net			(7,616)		—		—		—
Deferred financing costs, net			(7,058)		—		—		—





Total			$	7,030,756	$	483,497	$	5,194,755	$	214,431

Schedule of carrying values and estimated fair values of debt instruments

Fair Values of Long-Term Debt. The fair values of our long-term debt and the corresponding carrying amounts are as follows:



	As of December 31,
	2023				2022
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(in thousands)
SEI 0.25% convertible senior notes	$	575,000	$	528,927	$	575,000	$	511,733
SEI 2.625% convertible senior notes	600,000		582,463		600,000		574,693
Sunnova Energy Corporation notes payable	3,084		3,084		—		—
Sunnova Energy Corporation 5.875% senior notes	400,000		369,522		400,000		359,283
Sunnova Energy Corporation 11.75% senior notes	400,000		411,996		—		—
EZOP revolving credit facility	511,000		511,000		500,000		500,000
HELII solar asset-backed notes	203,998		198,590		212,648		206,045
RAYSI solar asset-backed notes	111,445		102,480		115,835		104,594
HELIII solar loan-backed notes	96,215		87,982		104,685		93,706
TEPH revolving credit facility	1,036,600		1,036,600		425,700		425,700
SOLI solar asset-backed notes	348,839		310,928		365,025		313,174
HELIV solar loan-backed notes	108,312		96,603		117,149		100,913
AP8 revolving credit facility	215,000		215,000		75,000		75,000
SOLII solar asset-backed notes	229,150		192,589		238,685		189,728
HELV solar loan-backed notes	147,969		132,533		158,307		135,408
SOLIII solar asset-backed notes	273,307		235,318		292,411		237,425
HELVI solar loan-backed notes	173,422		153,836		184,439		157,289
HELVII solar loan-backed notes	133,715		120,413		142,914		124,476
HELVIII solar loan-backed notes	263,015		241,599		281,113		252,483
SOLIV solar asset-backed notes	334,076		325,816		346,331		334,335
HELIX solar loan-backed notes	211,420		203,375		223,469		210,070
HELX solar loan-backed notes	220,838		221,655		180,636		183,165
IS revolving credit facility	31,300		31,300		—		—
SOLV solar asset-backed notes	320,619		317,481		—		—
HELXI solar loan-backed notes	278,491		275,323		—		—
HELXII solar loan-backed notes	236,924		242,091		—		—
AP9 revolving credit facility	12,118		12,118		—		—
HESI solar loan-backed notes	240,057		249,318		—		—


Total (1)	$	7,715,914	$	7,409,940	$	5,539,347	$	5,089,220

(1) Amounts exclude the net deferred financing costs (classified as debt) and net debt discounts of $201.7 million and $130.2 million as of December 31, 2023 and 2022, respectively.

Schedule of principal maturities of our long-term debt

Principal Maturities of Long-Term Debt. As of December 31, 2023, the principal maturities of our long-term debt were as follows:


	Principal Maturities of Long-Term Debt
	(in thousands)
2024	$	483,497
2025	1,782,383
2026	1,226,422
2027	222,438
2028	1,239,106
2029 and thereafter	2,762,068
Total	$	7,715,914

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482949/835-30-55-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-7

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Outstanding derivative instruments

The following table presents a summary of the outstanding derivative instruments:



	As of December 31,
	2023					2022
	Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount		Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount
	(in thousands, except interest rates)
EZOP	July 2023 - December 2023	December 2028 - November 2035	2.000%	$	489,581	June 2022 - July 2022	July 2034	0.890%	$	489,477
TEPH	July 2022 - December 2023	October 2031 - October 2041	2.620% - 4.202%	994,403		July 2022 - December 2022	January 2035 - April 2041	1.520% - 2.630%	383,749
AP8	November 2022 - August 2023	September 2025	4.250%	215,000		November 2022	September 2025	4.250%	75,000
AP9	September 2023	September 2027	4.250%	25,000					—


Total				$	1,723,984				$	948,226

Fair value of interest rate swaps

The following table presents the fair value of the interest rate swaps and caps as recorded in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Other assets	$	55,471	$	112,712

The following table presents the impact of the interest rate swaps and caps as recorded in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Realized (gain) loss		$	(56,623)	$	(51,207)	$	2,306
Unrealized (gain) loss		67,318		(19,451)		(4,874)
Total		$	10,695	$	(70,658)	$	(2,568)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of effective income tax rate reconciliation

Total income tax differs from the amounts computed by applying the statutory income tax rate to loss before income tax primarily as a result of our valuation allowance. The sources of these differences are as follows:


	Year Ended December 31,
	2023			2022			2021
	(in thousands)
Loss before income tax	$	(503,449)		$	(126,390)		$	(147,250)
Statutory federal tax rate	21		%	21		%	21		%
Tax benefit computed at statutory rate	(105,724)			(26,542)			(30,923)

State income tax, net of federal benefit	14,804			(3,167)			(2,399)

Adjustments from permanent differences:
ITC sales	(15,893)			—			—



Redeemable noncontrolling interests and noncontrolling interests	17,738			(6,587)			1,970
ITC recapture	—			101			82
Other	4,179			1,992			1,054
Increase in valuation allowance, net	83,873			38,089			30,476
Total income tax (benefit) expense	$	(1,023)		$	3,886		$	260

Schedule of deferred tax assets and liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) are as follows:



	As of December 31,
	2023		2022
	(tax effected, in thousands)
Federal net operating loss carryforward	$	238,447	$	261,837
State net operating loss carryforward	60,980		61,141
ITC carryforward	309,693		285,614
Foreign tax credit carryforward	18,087		—
Federal unused interest deduction carryforward	49,979		45,750
Equity-based compensation	22,935		16,701
Deferred revenue	7,433		6,123
Unrealized loss on derivatives	(17,119)		(32,459)
Investment in certain financing arrangements	150,476		154,635
Amortization of intangible assets	—		12,730
Other deferred tax assets	48,619		30,606
Deferred tax assets	889,530		842,678

Fixed asset basis difference	(627,290)		(394,082)
Intangible asset basis difference	(30,921)		(54,196)
Investment in certain financing arrangements	—		(135,181)
Other deferred tax liabilities	(4,259)		(7,095)
Deferred tax liabilities	(662,470)		(590,554)

Valuation allowance	(227,414)		(252,124)
Net deferred tax liability	$	(354)	$	—

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table presents the fair value of the assets acquired and liabilities assumed, inclusive of the purchase price adjustments, with the excess recorded as goodwill:


	As Adjusted
	(in thousands)
Cash	$	503
Other current assets (includes inventory of $26,835)	33,562
Property and equipment	217
Intangible assets	211,836
Other assets	1,060
Total assets acquired	247,178
Accounts payable	3,762
Accrued expenses	4,580
Current portion of long-term debt	32,301
Other current liabilities	364
Other long-term liabilities	697
Total liabilities assumed	41,704
Net assets acquired, excluding goodwill	205,474
Purchase consideration	218,624
Goodwill	$	13,150

Redeemable Noncontrolling Interest and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Redeemable noncontrolling interests

The following table summarizes our redeemable noncontrolling interests and noncontrolling interests as of December 31, 2023:

Tax Equity Entity

Balance Sheet Classification

Date Class A
Member Admitted

Sunnova TEP II, LLC

Redeemable noncontrolling interests

December 2017

Sunnova TEP II-B, LLC

Redeemable noncontrolling interests

December 2017

Sunnova TEP III, LLC

Redeemable noncontrolling interests

January 2019

Sunnova TEP IV-A, LLC ("TEPIVA")

Noncontrolling interests

August 2019

Sunnova TEP IV-B, LLC ("TEPIVB")

Noncontrolling interests

December 2019

Sunnova TEP IV-C, LLC ("TEPIVC")

Noncontrolling interests

February 2020

Sunnova TEP IV-D, LLC ("TEPIVD")

Noncontrolling interests

May 2020

Sunnova TEP IV-F, LLC

Noncontrolling interests

July 2020

Sunnova TEP IV-E, LLC ("TEPIVE")

Noncontrolling interests

September 2020

Sunnova TEP IV-G, LLC ("TEPIVG")

Noncontrolling interests

November 2020

Sunnova TEP V-D, LLC ("TEPVD")

Noncontrolling interests

April 2021

TEPVA

Noncontrolling interests

April 2021

TEPVB

Noncontrolling interests

May 2021

TEPVC

Noncontrolling interests

July 2021

Sunnova TEP V-E, LLC

Redeemable noncontrolling interests

October 2021

Sunnova TEP 6-A, LLC ("TEP6A")

Noncontrolling interests

December 2021

TEP6B

Noncontrolling interests

February 2022

Sunnova TEP 6-E, LLC

Redeemable noncontrolling interests

May 2022

TEP6D

Noncontrolling interests

September 2022

Sunnova TEP 6-C, LLC ("TEP6C")

Redeemable noncontrolling interests

October 2022

TEP7C

Redeemable noncontrolling interests

November 2022

TEP7A

Noncontrolling interests

December 2022

TEP7B

Redeemable noncontrolling interests

December 2022

TEP7D

Noncontrolling interests

December 2022

TEP7E

Redeemable noncontrolling interests

May 2023

TEP7G

Redeemable noncontrolling interests

August 2023

TEP7F

Redeemable noncontrolling interests

September 2023

Sunnova TEP 8-A, LLC ("TEP8A")

Noncontrolling interests

December 2023

Sunnova TEP 8-B, LLC ("TEP8B")

Noncontrolling interests

December 2023

TEP8C

Redeemable noncontrolling interests

December 2023

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock option assumptions

We used the following assumptions to apply the Black-Scholes option-pricing model to stock options granted during the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
	2023	2022	2021
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	3.50% - 4.38%	2.40%	1.13%
Expected term (in years)	6.26 - 6.57	6.375 - 6.46	6.13
Volatility	65.58% - 69.81%	58.76%	55.13%

Stock option activity

The expected term has been estimated using the average of the contractual term and weighted average life of the stock options. The following table summarizes stock option activity:


	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
							(in thousands)
Outstanding, December 31, 2021	2,765,815	$	16.71	4.91			$	31,874
Granted	538,758	$	27.62	9.22	$	14.37
Exercised	(18,383)	$	11.59				$	231
Forfeited	(26,731)	$	24.77		$	12.83
Outstanding, December 31, 2022	3,259,459	$	18.48	4.75			$	10,341
Granted	1,017,493	$	15.01	9.23	$	8.82
Exercised	(41,788)	$	12.91				$	203
Forfeited	(217,015)	$	19.38		$	8.77
Outstanding, December 31, 2023	4,018,149	$	17.61	4.97			$	5,542
Exercisable, December 31, 2023	2,575,095	$	16.50	2.80			$	4,787
Vested and expected to vest, December 31, 2023	4,018,149	$	17.61	4.97			$	5,542
Non-vested, December 31, 2022	570,230				$	14.71
Non-vested, December 31, 2023	1,443,054				$	10.78

Restricted stock unit activity

The following table summarizes restricted stock unit activity:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2021	1,649,789	$	18.48
Granted	1,035,714	$	23.79
Vested	(974,972)	$	19.79
Forfeited	(100,916)	$	26.21
Outstanding, December 31, 2022	1,609,615	$	20.62
Granted	2,155,890	$	14.50
Vested	(1,009,102)	$	18.10
Forfeited	(372,198)	$	17.78
Outstanding, December 31, 2023	2,384,205	$	16.60

Basic and Diluted Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of basic and diluted net loss per share

The following table sets forth the computation of our basic and diluted net loss per share:


	Year Ended December 31,
		2023		2022		2021
		(in thousands, except share and per share amounts)





Net loss attributable to stockholders—basic and diluted		$	(417,961)	$	(161,642)	$	(138,128)

Net loss per share attributable to stockholders—basic and diluted		$	(3.53)	$	(1.41)	$	(1.25)
Weighted average common shares outstanding—basic and diluted		118,344,728		114,451,034		110,881,630

Schedule of antidilutive weighted average shares

The following table presents the weighted average shares of common stock equivalents that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:


	Year Ended December 31,
		2023	2022	2021
Equity-based compensation awards		6,093,155	4,907,458	4,670,740

Convertible senior notes		34,150,407	23,228,952	10,829,353

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of performance guarantee obligations

The changes in our aggregate performance guarantee obligations are as follows:



	Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of period	$	4,845	$	5,293
Accruals	4,982		2,727

Settlements	(3,074)		(3,175)
Balance at end of period	$	6,753	$	4,845

Lease expense

The following table presents the detail of lease expense as recorded in general and administrative expense in the consolidated statements of operations:


	Year Ended December 31,
		2023		2022		2021
		(in thousands)
Operating lease expense		$	2,910	$	2,753	$	1,643
Finance lease expense:
Amortization expense		1,150		783		417
Interest on lease liabilities		109		60		38
Short-term lease expense		197		141		78
Variable lease expense		1,049		961		1,064

Total		$	5,415	$	4,698	$	3,240

Other information related to leases was as follows:


	Year Ended December 31,
	2023		2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	2,765	$	1,647	$	1,310
Operating cash flows from finance leases	$	109	$	60	$	38
Financing cash flows from finance leases	$	1,059	$	801	$	476
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	741	$	245	$	8,867
Finance leases	$	2,759	$	1,072	$	2,213

(1)Includes reimbursements in 2023, 2022 and 2021 of approximately $545,000, $297,000 and $423,000, respectively, for leasehold improvements.



	As of December 31,
	2023		2022
Weighted average remaining lease term (years):
Operating leases	5.51		6.60
Finance leases	3.12		2.86
Weighted average discount rate:
Operating leases	4.06	%	3.95	%
Finance leases	6.26	%	4.37	%

Lease assets and liabilities

The following table presents the detail of right-of-use assets and lease liabilities as recorded in other assets and other current liabilities/other long-term liabilities, respectively, in the consolidated balance sheets:



	As of December 31,
	2023		2022
	(in thousands)
Right-of-use assets:
Operating leases	$	13,247	$	14,706
Finance leases	4,085		2,476
Total right-of-use assets	$	17,332	$	17,182

Current lease liabilities:
Operating leases	$	2,883	$	2,451
Finance leases	1,348		796
Long-term leases liabilities:
Operating leases	14,005		15,751
Finance leases	1,631		957
Total lease liabilities	$	19,867	$	19,955

Operating lease, future minimum lease payments

Future minimum lease payments under our non-cancelable leases as of December 31, 2023 were as follows:


	Operating Leases		Finance Leases
	(in thousands)
2024	$	3,517	$	1,498
2025	3,409		940
2026	3,236		541
2027	3,304		277
2028	3,372		—
2029 and thereafter	2,113		—
Total	18,951		3,256
Amount representing interest	(1,987)		(277)
Amount representing leasehold incentives	(76)		—
Present value of future payments	16,888		2,979
Current portion of lease liability	(2,883)		(1,348)
Long-term portion of lease liability	$	14,005	$	1,631

Other commitments

Dealer Commitments. As of December 31, 2023 and 2022, the net unamortized balance of payments to dealers for exclusivity and other similar arrangements was $166.4 million and $121.3 million, respectively. Under these agreements, we paid $53.8 million and $50.1 million during the years ended December 31, 2023 and 2022, respectively. We could be obligated to make maximum payments, excluding additional amounts payable on a per watt basis if even higher thresholds are met, as follows:


	Dealer Commitments
	(in thousands)
2024	$	77,724
2025	57,079
2026	36,904
2027	30,000
2028	—
2029 and thereafter	—
Total	$	201,707

Future commitments

Future commitments as of December 31, 2023 were as follows:


	Information Technology Commitments
	(in thousands)
2024	$	23,045
2025	7,243
2026	6,137
2027	7,405
2028	515
2029 and thereafter	515
Total	$	44,860

Description of Business and Basis of Presentation - (Details) customer in Thousands	12 Months Ended
	Dec. 31, 2023 customer renewalOption state
Subsidiary, Sale of Stock [Line Items]
Number of customers \| customer	419
Number of states in which entity operates (more than) \| state	45
Maximum renewal term	10 years
Solar Service Agreement \| Minimum
Subsidiary, Sale of Stock [Line Items]
Agreement term	10 years
Solar Service Agreement \| Maximum
Subsidiary, Sale of Stock [Line Items]
Agreement term	25 years
Lease and Power Purchase Agreement (PPA) \| Lease Agreement, Option One
Subsidiary, Sale of Stock [Line Items]
Number of options to renew term	2
Renewal term	5 years
Lease and Power Purchase Agreement (PPA) \| Lease Agreement, Option Two
Subsidiary, Sale of Stock [Line Items]
Number of options to renew term	1
Renewal term	10 years
Ancillary Products \| Minimum
Subsidiary, Sale of Stock [Line Items]
Agreement term	1 year
Ancillary Products \| Maximum
Subsidiary, Sale of Stock [Line Items]
Agreement term	20 years

Significant Accounting Policies - Narrative (Details)	12 Months Ended
Significant Accounting Policies - Narrative (Details)	Dec. 31, 2023 USD ($) kWh reportableSegment dealer FICO_score renewalOption	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disaggregation of Revenue [Line Items]
Cash deposits in excess of FDIC insured limit	$ 187,000,000	$ 337,500,000
Restricted cash deposits in excess of FDIC insured limit	$ 274,400,000	179,800,000
Number of dealers \| dealer	475
Customer agreement, average term	23 years
Average age of solar systems	4 years
Inventory	$ 148,575,000	152,113,000
Threshold period past due, writeoff	180 days
Deferred revenue / Contract liabilities	$ 991,003,000	615,623,000	$ 297,800,000
Revenue recognized	33,000,000	16,000,000
Warranty reserve	6,000,000	3,000,000
Advertising expense	5,000,000	2,500,000	1,900,000
Defined contribution plan, employer contribution	$ 4,200,000	1,800,000	1,300,000
Number of reportable segments \| reportableSegment	1
Self-insured claims liability	$ 3,500,000
Investment tax credits	200,700,000
Revenue	720,653,000	557,690,000	241,752,000
Income tax (benefit) expense	1,023,000	(3,886,000)	$ (260,000)
Noncontrolling interests	436,150,000	448,637,000
Transferred over Time
Disaggregation of Revenue [Line Items]
Contract assets	279,000	0
Deferred revenue / Contract liabilities	3,800,000	0
Revenue recognized	$ 0	$ 0
Dealer One \| Expenditures To Dealers \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk	20.00%	26.00%	28.00%
Dealer One \| Revenue Benchmark \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk	16.00%	16.00%
Dealer Two \| Expenditures To Dealers \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk	16.00%	16.00%	13.00%
Dealer Three \| Expenditures To Dealers \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk		11.00%
Solar Renewable Energy Certificates
Disaggregation of Revenue [Line Items]
Inventory	$ 0	$ 0
Minimum
Disaggregation of Revenue [Line Items]
Product warranty obligations, term	10 years
Maximum
Disaggregation of Revenue [Line Items]
Product warranty obligations, term	25 years
PPA revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 123,646,000	104,563,000	$ 86,087,000
PPA revenue \| Lease Agreement, Option One
Disaggregation of Revenue [Line Items]
Renewal term	5 years
Number of options to renew term \| renewalOption	2
PPA revenue \| Lease Agreement, Option Two
Disaggregation of Revenue [Line Items]
Renewal term	10 years
Number of options to renew term \| renewalOption	1
PPA revenue \| Minimum
Disaggregation of Revenue [Line Items]
Agreement term	20 years
PPA revenue \| Maximum
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Renewal term	10 years
Lease revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 147,788,000	100,070,000	71,784,000
Lease revenue \| Lease Agreement, Option One
Disaggregation of Revenue [Line Items]
Renewal term	5 years
Number of options to renew term \| renewalOption	2
Lease revenue \| Lease Agreement, Option Two
Disaggregation of Revenue [Line Items]
Renewal term	10 years
Number of options to renew term \| renewalOption	1
Lease revenue \| Minimum
Disaggregation of Revenue [Line Items]
Agreement term	20 years
Lease revenue \| Maximum
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Renewal term	10 years
Service revenue
Disaggregation of Revenue [Line Items]
Agreement term	10 years
Revenue	$ 16,197,000	4,178,000	2,049,000
Solar renewable energy certificate revenue
Disaggregation of Revenue [Line Items]
Energy per certificate (in kWhs) \| kWh	1,000
Typical period for receiving payment	1 month
Revenue	$ 50,375,000	48,698,000	41,537,000
Loan revenue
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	930,999,000	586,128,000
Revenue	$ 34,716,000	$ 18,601,000	$ 7,768,000
Loan revenue \| Minimum
Disaggregation of Revenue [Line Items]
Agreement term	10 years
Minimum FICO score required for customer to qualify for program \| FICO_score	600
Loan revenue \| Median
Disaggregation of Revenue [Line Items]
Agreement term	15 years
Loan revenue \| Maximum
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Minimum FICO score required for customer to qualify for program \| FICO_score	710
Solar Service Agreement \| Minimum
Disaggregation of Revenue [Line Items]
Agreement term	10 years
Solar Service Agreement \| Maximum
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Investment Tax Credits
Disaggregation of Revenue [Line Items]
Revenue	$ 207,400,000
Income tax (benefit) expense	16,600,000
Noncontrolling interests	$ 190,800,000

Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 281,570	$ 185,317
Restricted cash included in other current assets	62,188	51,733	$ 80,213
Debt and inverter reserves
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	247,394	132,634
Tax equity reserves
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	25,778	46,684
Other
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 8,398	$ 5,999

Significant Accounting Policies - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 1,676	$ 1,044
Provision for current expected credit losses	4,978	2,858
Write off of uncollectible accounts	(4,370)	(2,490)
Recoveries	275	264
Balance at end of period	$ 2,559	$ 1,676

Significant Accounting Policies - Allowance for Credit Losses - Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Balance at beginning of period	$ 0	$ 0
Provision for current expected credit losses	18,402	0
Write off of uncollectible accounts	(5,357)	0
Balance at end of period	$ 13,045	$ 0

Significant Accounting Policies - Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory [Line Items]
Inventory	$ 148,575	$ 152,113
Energy storage systems and components
Inventory [Line Items]
Inventory	83,178	74,968
Homebuilder construction in progress
Inventory [Line Items]
Inventory	36,461	43,116
Modules and inverters
Inventory [Line Items]
Inventory	27,143	32,798
Meters and modems
Inventory [Line Items]
Inventory	1,793	1,166
Other
Inventory [Line Items]
Inventory	$ 0	$ 65

Significant Accounting Policies - Schedule of Fair Value of Recurring Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2021
Financial assets:
Investments in solar receivables			$ 84,300
Fair Value, Recurring
Financial assets:
Investments in solar receivables	$ 69,334	$ 72,171
Derivative assets	55,471	112,712
Total assets	124,805	184,883
Financial liabilities:
Contingent consideration	19,916	26,787
Total liabilities	19,916	26,787
Fair Value, Recurring \| Fair Value, Inputs, Level 1
Financial assets:
Investments in solar receivables	0	0
Derivative assets	0	0
Total assets	0	0
Financial liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Recurring \| Fair Value, Inputs, Level 2
Financial assets:
Investments in solar receivables	0	0
Derivative assets	55,471	112,712
Total assets	55,471	112,712
Financial liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Recurring \| Fair Value, Inputs, Level 3
Financial assets:
Investments in solar receivables	69,334	72,171
Derivative assets	0	0
Total assets	69,334	72,171
Financial liabilities:
Contingent consideration	19,916	26,787
Total liabilities	$ 19,916	$ 26,787

Significant Accounting Policies - Schedule of Investment in Solar Receivables Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 72,171	$ 82,658
Additions	969	0
Settlements	(11,528)	(11,581)
Gain recognized in earnings	7,722	1,094
Balance at end of period	$ 69,334	$ 72,171

Significant Accounting Policies - Schedule of changes in fair value of liabilities accounted for an a recurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Contingent Consideration Liability
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	$ 26,787	$ 67,895
Settlements	(10,832)	(16,014)
(Gain) loss recognized in earnings	3,961	(25,094)
Balance at end of period	$ 19,916	$ 26,787

Significant Accounting Policies - Schedule of Fair Value Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 - Weighted Average	Dec. 31, 2023
Volatility
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration - installation earnout	30.00%
Revenue risk premium
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration - installation earnout	15.90%
Discount rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration - installation earnout	4.65%
Contingent consideration - microgrid earnout	4.65%
Probability of success
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration - microgrid earnout	10.00%

Significant Accounting Policies - Schedule of Detailed Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 720,653	$ 557,690	$ 241,752
PPA revenue
Disaggregation of Revenue [Line Items]
Revenue	123,646	104,563	86,087
Lease revenue
Disaggregation of Revenue [Line Items]
Revenue	147,788	100,070	71,784
Inventory sales revenue
Disaggregation of Revenue [Line Items]
Revenue	185,855	195,979	0
Service revenue
Disaggregation of Revenue [Line Items]
Revenue	16,197	4,178	2,049
Direct sales revenue
Disaggregation of Revenue [Line Items]
Revenue	60,590	8,484	1,212
Solar renewable energy certificate revenue
Disaggregation of Revenue [Line Items]
Revenue	50,375	48,698	41,537
Cash sales revenue
Disaggregation of Revenue [Line Items]
Revenue	96,072	72,425	27,176
Loan revenue
Disaggregation of Revenue [Line Items]
Revenue	34,716	18,601	7,768
Other revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 5,414	$ 4,692	$ 4,139

Significant Accounting Policies - Performance Obligations (Details) $ in Billions	12 Months Ended
	Dec. 31, 2023 USD ($)
Accounting Policies [Abstract]
Contracted but not yet recognized revenue	$ 5.4
Performance obligation, description of timing	We do not expect the annual recognition to vary significantly over approximately the next 20 years as the vast majority of existing customer agreements have at least 20 years remaining
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted but not yet recognized revenue	4.00%
Contracted but not yet recognized revenue, expected timing of satisfaction	12 months

Significant Accounting Policies - Deferred Revenue (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	$ 991,003	$ 615,623	$ 297,800
Deferred revenue included in other current liabilities	50,815	30,172
Loans
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	930,999	586,128
PPAs and leases
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	55,651	24,893
Solar receivables
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	4,339	4,602
Other
Disaggregation of Revenue [Line Items]
Deferred revenue / Contract liabilities	$ 14	$ 0

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Significant Accounting Policies - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Deferred revenue / Contract liabilities	$ 991,003	$ 615,623	$ 297,800

Significant Accounting Policies - Intangibles Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 212,734	$ 212,756
Less: accumulated amortization	(78,676)	(50,244)
Intangible assets, net	$ 134,058	162,512
Customer relationships - system sales
Finite-Lived Intangible Assets [Line Items]
Useful Lives	10 years
Intangible assets, gross	$ 145,496	145,496
Customer relationships - servicing
Finite-Lived Intangible Assets [Line Items]
Useful Lives	10 years
Intangible assets, gross	$ 3,471	3,471
Customer relationships - new customers
Finite-Lived Intangible Assets [Line Items]
Useful Lives	4 years
Intangible assets, gross	$ 29,761	29,761
Trade name
Finite-Lived Intangible Assets [Line Items]
Useful Lives	15 years
Intangible assets, gross	$ 11,899	11,899
Tax equity commitment
Finite-Lived Intangible Assets [Line Items]
Useful Lives	4 years
Intangible assets, gross	$ 21,209	21,209
Software license
Finite-Lived Intangible Assets [Line Items]
Useful Lives	3 years
Intangible assets, gross	$ 331	331
Trademark
Finite-Lived Intangible Assets [Line Items]
Useful Lives	3 years
Intangible assets, gross	$ 68	68
Other
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 499	$ 521
Other \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Lives	3 years
Other \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Lives	25 years

Significant Accounting Policies - Amortization Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
2024	$ 28,450
2025	18,893
2026	15,707
2027	15,707
2028	15,707
2029 and thereafter	39,594
Intangible assets, net	$ 134,058	$ 162,512

Significant Accounting Policies - Deferred Financing Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Issuance Costs [Roll Forward]
Balance at beginning of period	$ 76,525	$ 56,056
Capitalized	77,062	34,109
Amortized	(25,226)	(13,640)	$ (14,050)
Balance at end of period	$ 128,361	$ 76,525	$ 56,056

Significant Accounting Policies - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Goodwill impairment	$ 13,200	$ 13,150	$ 0	$ 0

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,199,718	$ 4,192,983
Less: accumulated depreciation	(560,924)	(408,182)
Property and equipment, net	$ 5,638,794	3,784,801
Solar energy systems and energy storage systems
Property, Plant and Equipment [Line Items]
Useful Lives	35 years
Property and equipment, gross	$ 5,443,796	3,719,727
Less: accumulated depreciation	(489,700)	(360,100)
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 530,180	329,893
Asset retirement obligations
Property, Plant and Equipment [Line Items]
Useful Lives	30 years
Property and equipment, gross	$ 78,538	57,063
Information technology systems
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Property and equipment, gross	$ 130,300	72,797
Computers and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,503	4,976
Computers and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Computers and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,170	5,558
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	6 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Property and equipment, gross	$ 1,172	1,172
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,640	1,640
Vehicles \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	4 years
Vehicles \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 419	$ 157
Other \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Other \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	6 years

Natural Disaster Losses - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Interruption Loss [Line Items]
Operations and maintenance	$ 96,997	$ 36,679	$ 19,583
General and administrative	430,422	302,004	204,236
Other natural disaster-related charges
Business Interruption Loss [Line Items]
Operations and maintenance	1,635	633	0
General and administrative	$ 730	$ 532	$ 0

Natural Disaster Losses - Schedule of Disaster Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Interruption Loss [Line Items]
Operations and maintenance	$ 96,997	$ 36,679	$ 19,583
General and administrative	430,422	302,004	204,236
Total operating expense, net	964,088	639,194	296,642
Natural Disaster Losses
Business Interruption Loss [Line Items]
Total operating expense, net	2,480	1,165	0
Impairment of solar energy systems due to natural disaster losses
Business Interruption Loss [Line Items]
Operations and maintenance	3,865	0	0
Insurance proceeds received/expected to be received—property damage
Business Interruption Loss [Line Items]
Operations and maintenance	(3,400)	0	0
Insurance proceeds received—business interruption
Business Interruption Loss [Line Items]
Operations and maintenance	(350)	0	0
Other natural disaster-related charges
Business Interruption Loss [Line Items]
Operations and maintenance	1,635	633	0
General and administrative	$ 730	$ 532	$ 0

Detail of Certain Balance Sheet Captions - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory	$ 148,575	$ 152,113
Current portion of customer notes receivable	176,562	114,910
Restricted cash	62,188	51,733	$ 80,213
Prepaid assets	25,996	17,492
Deferred receivables	7,601	7,392
Current portion of investments in solar receivables	7,457	7,107
Other	920	553
Other current assets, net of allowance of $4,659 and $3,250 as of December 31, 2023 and 2022, respectively	$ 429,299	$ 351,300

Detail of Certain Balance Sheet Captions - Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Construction in progress - customer notes receivable	$ 159,066	$ 382,611
Restricted cash	219,382	133,584	$ 68,583
Exclusivity and other bonus arrangements with dealers, net	166,359	121,313
Investments in solar receivables	61,877	65,064
Straight-line revenue adjustment, net	62,941	53,086
Other	226,260	206,233
Total	$ 895,885	$ 961,891

Detail of Certain Balance Sheet Captions - Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest payable	$ 67,647	$ 35,258
Deferred revenue	50,815	30,172
Current portion of operating and finance lease liability	4,231	3,247
Current portion of performance guarantee obligations	2,667	2,495
Other	8,289	334
Total	$ 133,649	$ 71,506

AROs (Details) - USD ($) $ in Thousands	12 Months Ended
AROs (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, useful life	30 years
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance at beginning of period	$ 69,869	$ 54,396
Additional obligations incurred	21,529	11,871
Accretion expense	4,905	3,701
Other	(76)	(99)
Balance at end of period	$ 96,227	$ 69,869

Customer Notes Receivable - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan systems not yet placed in service	$ 159,100	$ 382,600
Interest income	115,872	59,799	$ 34,228
Customer notes receivable not accruing interest	34,200	12,600
Customer notes receivable not accruing interest, allowance	754	278
Interest income for nonaccrual loans	0
Amortized cost	83,300	31,400
Customer notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	98,800	56,400
Accrued investment income receivable	14,300	10,200
Accrued investment income receivable, written off	$ 63	$ 514
Loan revenue \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	10 years
Loan revenue \| Median
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	15 years
Loan revenue \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	25 years

Customer Notes Receivable - Schedule of Customer Notes Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	$ 4,029,025	$ 2,662,307
Allowance for credit losses	(116,477)	(81,248)	$ (41,138)
Carrying Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	3,912,548	2,581,059
Estimated Fair Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	$ 3,800,754	$ 2,554,948

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 79
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-79

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479344/326-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (1)
-Publisher SEC

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (2)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1404
-Paragraph (a)
-Publisher SEC

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-SubTopic 10
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Customer Notes Receivable - Schedule of Changes in Allowances for Credit Losses Related to Customer Notes Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 81,248	$ 41,138
Provision for current expected credit losses	35,229	40,074
Recoveries	0	36
Balance at end of period	$ 116,477	$ 81,248

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

Customer Notes Receivable - Schedule of Aged Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Customer notes receivable	$ 4,029,025	$ 2,662,307
Total past due
Financing Receivable, Past Due [Line Items]
Customer notes receivable	281,688	123,031
1-90 days past due
Financing Receivable, Past Due [Line Items]
Customer notes receivable	164,150	91,668
91-180 days past due
Financing Receivable, Past Due [Line Items]
Customer notes receivable	40,428	16,859
Greater than 180 days past due
Financing Receivable, Past Due [Line Items]
Customer notes receivable	77,110	14,504
Not past due
Financing Receivable, Past Due [Line Items]
Customer notes receivable	$ 3,747,337	$ 2,539,276

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 79
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-79

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479344/326-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (1)
-Publisher SEC

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (2)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1404
-Paragraph (a)
-Publisher SEC

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-SubTopic 10
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Customer Notes Receivable - Schedule of Amortized cost of Customer Notes Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 1,491,081
2022	1,370,405
2021	712,143
2020	217,610
2019	114,573
Prior	123,213
Total	4,029,025	$ 2,662,307
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,482,469
2022	1,339,528
2021	692,995
2020	212,119
2019	109,781
Prior	115,023
Total	3,951,915
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,612
2022	30,877
2021	19,148
2020	5,491
2019	4,792
Prior	8,190
Total	$ 77,110

Investments in Solar Receivables (Details) $ in Millions	1 Months Ended
Investments in Solar Receivables (Details) $ in Millions	Nov. 30, 2021 USD ($) solarEnergyPool shares	Sep. 30, 2021 USD ($)
Investments, All Other Investments [Abstract]
Number of solar energy pools, to be leased \| solarEnergyPool	2
Master lease agreement, upfront lease payment	$ 35.0
Master lease agreement, common stock consideration (in shares) \| shares	1,027,409
Master lease agreement, total consideration	$ 79.4
Investments in solar receivables		$ 84.3

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Aug. 31, 2023	Jun. 30, 2023	Aug. 31, 2022	Aug. 31, 2021	Jun. 30, 2021	May 31, 2021
Debt Instrument [Line Items]
Long-term debt, non-current	$ 7,030,756	$ 5,194,755
Long-term debt, current	483,497	214,431
SEI \| Convertible senior notes
Debt Instrument [Line Items]
Debt discount, net, non-current	(19,174)	(24,324)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(748)	(920)
Deferred financing costs, net, current	$ 0	$ 0
SEI \| Convertible senior notes \| 0.25% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	0.25%								0.25%
Weighted average effective interest rate	0.71%	0.71%
Long-term debt, gross, non-current	$ 575,000	$ 575,000
Long-term debt, gross, current	$ 0	$ 0
SEI \| Convertible senior notes \| 2.625% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	2.625%					2.625%
Weighted average effective interest rate	3.03%	3.11%
Long-term debt, gross, non-current	$ 600,000	$ 600,000
Long-term debt, gross, current	0	0
Sunnova Energy Corporation
Debt Instrument [Line Items]
Debt discount, net, non-current	(13,288)	(3,767)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(12,119)	(7,339)
Deferred financing costs, net, current	$ 0	$ 0
Sunnova Energy Corporation \| Notes payable
Debt Instrument [Line Items]
Stated interest rate			7.49%	7.49%	7.24%
Weighted average effective interest rate	7.07%
Long-term debt, gross, non-current	$ 0	$ 0
Long-term debt, gross, current	$ 3,084	$ 0
Sunnova Energy Corporation \| Senior notes \| 5.875% senior notes
Debt Instrument [Line Items]
Stated interest rate	5.875%						5.875%
Weighted average effective interest rate	6.53%	6.52%
Long-term debt, gross, non-current	$ 400,000	$ 400,000
Long-term debt, gross, current	$ 0	$ 0
Sunnova Energy Corporation \| Senior notes \| 11.75% senior notes
Debt Instrument [Line Items]
Stated interest rate	11.75%		11.75%
Weighted average effective interest rate	12.02%
Long-term debt, gross, non-current	$ 400,000	$ 0
Long-term debt, gross, current	0	0
EZOP \| Revolving credit facility
Debt Instrument [Line Items]
Debt discount, net, non-current	(302)	(532)
Debt discount, net, current	$ 0	$ 0
EZOP \| Line of credit \| Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rate	8.72%	5.10%
Long-term debt, gross, non-current	$ 511,000	$ 500,000
Long-term debt, gross, current	0	0
HELII
Debt Instrument [Line Items]
Debt discount, net, non-current	(24)	(30)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(2,926)	(3,591)
Deferred financing costs, net, current	$ 0	$ 0
HELII \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	5.64%	5.69%
Long-term debt, gross, non-current	$ 194,933	$ 204,016
Long-term debt, gross, current	9,065	8,632
RAYSI
Debt Instrument [Line Items]
Debt discount, net, non-current	(753)	(960)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(3,004)	(3,451)
Deferred financing costs, net, current	$ 0	$ 0
RAYSI \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	5.55%	5.54%
Long-term debt, gross, non-current	$ 105,096	$ 105,878
Long-term debt, gross, current	6,349	9,957
HELIII
Debt Instrument [Line Items]
Debt discount, net, non-current	(1,250)	(1,536)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(1,200)	(1,474)
Deferred financing costs, net, current	$ 0	$ 0
HELIII \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	4.43%	4.42%
Long-term debt, gross, non-current	$ 86,232	$ 94,247
Long-term debt, gross, current	9,983	10,438
TEPH
Debt Instrument [Line Items]
Debt discount, net, non-current	(1,168)	(2,043)
Debt discount, net, current	$ 0	$ 0
TEPH \| Line of credit \| Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rate	10.03%	7.74%
Long-term debt, gross, non-current	$ 1,036,600	$ 425,700
Long-term debt, gross, current	0	0
SOLI
Debt Instrument [Line Items]
Debt discount, net, non-current	(74)	(87)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(5,769)	(6,827)
Deferred financing costs, net, current	$ 0	$ 0
SOLI \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	3.91%	3.92%
Long-term debt, gross, non-current	$ 335,874	$ 348,962
Long-term debt, gross, current	12,965	16,063
HELIV
Debt Instrument [Line Items]
Debt discount, net, non-current	(417)	(564)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(1,955)	(2,609)
Deferred financing costs, net, current	$ 0	$ 0
HELIV \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	4.16%	4.15%
Long-term debt, gross, non-current	$ 97,458	$ 105,655
Long-term debt, gross, current	$ 10,854	$ 11,494
AP8 \| Line of credit \| Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rate	9.42%	20.52%
Long-term debt, gross, non-current	$ 0	$ 74,535
Long-term debt, gross, current	215,000	465
SOLII
Debt Instrument [Line Items]
Debt discount, net, non-current	(56)	(64)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(3,948)	(4,576)
Deferred financing costs, net, current	$ 0	$ 0
SOLII \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	3.90%	3.41%
Long-term debt, gross, non-current	$ 221,955	$ 232,276
Long-term debt, gross, current	7,195	6,409
HELV
Debt Instrument [Line Items]
Debt discount, net, non-current	(540)	(690)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(2,094)	(2,661)
Deferred financing costs, net, current	$ 0	$ 0
HELV \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	2.49%	2.47%
Long-term debt, gross, non-current	$ 134,473	$ 143,940
Long-term debt, gross, current	13,496	14,367
SOLIII
Debt Instrument [Line Items]
Debt discount, net, non-current	(102)	(117)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(4,871)	(5,616)
Deferred financing costs, net, current	$ 0	$ 0
SOLIII \| Solar asset-backed notes
Debt Instrument [Line Items]
Stated interest rate								2.58%
Weighted average effective interest rate	2.81%	2.78%
Long-term debt, gross, non-current	$ 257,545	$ 275,779
Long-term debt, gross, current	15,762	16,632
HELVI
Debt Instrument [Line Items]
Debt discount, net, non-current	(32)	(40)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(2,345)	(2,909)
Deferred financing costs, net, current	$ 0	$ 0
HELVI \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	2.10%	2.08%
Long-term debt, gross, non-current	$ 159,901	$ 167,669
Long-term debt, gross, current	13,521	16,770
HELVII
Debt Instrument [Line Items]
Debt discount, net, non-current	(31)	(38)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(1,797)	(2,193)
Deferred financing costs, net, current	$ 0	$ 0
HELVII \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	2.53%	2.50%
Long-term debt, gross, non-current	$ 123,494	$ 126,856
Long-term debt, gross, current	10,221	16,058
HELVIII
Debt Instrument [Line Items]
Debt discount, net, non-current	(4,355)	(5,267)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(3,395)	(4,080)
Deferred financing costs, net, current	$ 0	$ 0
HELVIII \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	3.62%	3.54%
Long-term debt, gross, non-current	$ 243,020	$ 250,014
Long-term debt, gross, current	19,995	31,099
SOLIV
Debt Instrument [Line Items]
Debt discount, net, non-current	(9,440)	(11,190)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(6,759)	(7,996)
Deferred financing costs, net, current	$ 0	$ 0
SOLIV \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	5.90%	5.76%
Long-term debt, gross, non-current	$ 325,612	$ 338,251
Long-term debt, gross, current	8,464	8,080
HELIX
Debt Instrument [Line Items]
Debt discount, net, non-current	(3,027)	(3,589)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(2,798)	(3,303)
Deferred financing costs, net, current	$ 0	$ 0
HELIX \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	5.64%	5.46%
Long-term debt, gross, non-current	$ 196,174	$ 193,837
Long-term debt, gross, current	15,246	29,632
HELX
Debt Instrument [Line Items]
Debt discount, net, non-current	(17,015)	(12,459)
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(3,064)	(3,319)
Deferred financing costs, net, current	$ 0	$ 0
HELX \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	7.38%	6.23%
Long-term debt, gross, non-current	$ 200,842	$ 162,301
Long-term debt, gross, current	$ 19,996	$ 18,335
IS \| Line of credit \| Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rate	8.90%
Long-term debt, gross, non-current	$ 31,300	$ 0
Long-term debt, gross, current	0	0
SOLV
Debt Instrument [Line Items]
Debt discount, net, non-current	(15,491)	0
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(6,682)	0
Deferred financing costs, net, current	$ 0	$ 0
SOLV \| Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	6.93%
Long-term debt, gross, non-current	$ 312,844	$ 0
Long-term debt, gross, current	7,775	0
HELXI
Debt Instrument [Line Items]
Debt discount, net, non-current	(12,007)	0
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(5,195)	0
Deferred financing costs, net, current	$ 0	$ 0
HELXI \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	6.29%
Long-term debt, gross, non-current	$ 247,251	$ 0
Long-term debt, gross, current	31,240	0
HELXII
Debt Instrument [Line Items]
Debt discount, net, non-current	(13,065)	0
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(4,135)	0
Deferred financing costs, net, current	$ 0	$ 0
HELXII \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	6.71%
Long-term debt, gross, non-current	$ 210,263	$ 0
Long-term debt, gross, current	26,661	0
AP9
Debt Instrument [Line Items]
Debt discount, net, non-current	(572)	0
Debt discount, net, current	$ 0	$ 0
AP9 \| Line of credit \| Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rate	19.30%
Long-term debt, gross, non-current	$ 12,118	$ 0
Long-term debt, gross, current	0	0
HESI
Debt Instrument [Line Items]
Debt discount, net, non-current	(7,616)	0
Debt discount, net, current	0	0
Deferred financing costs, net, non-current	(7,058)	0
Deferred financing costs, net, current	$ 0	$ 0
HESI \| Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rate	10.94%
Long-term debt, gross, non-current	$ 213,432	$ 0
Long-term debt, gross, current	$ 26,625	$ 0

Long-Term Debt - Narrative - Availability through Sunnova Energy Corporation Debt (Details) - USD ($)	1 Months Ended						12 Months Ended
	Sep. 30, 2023	Aug. 31, 2023	Jun. 30, 2023	Aug. 31, 2022	Aug. 31, 2021	May 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Debt Instrument [Line Items]
Borrowing capacity									$ 733,000,000
Capped call transactions				$ 48,400,000		$ 91,700,000	$ 48,420,000	$ 91,655,000
Call Option
Debt Instrument [Line Items]
Capped call transaction (in USD per share)				$ 34.24		$ 60.00
Line of credit \| Revolving credit facility \| EZOP
Debt Instrument [Line Items]
Borrowing capacity									364,000,000
Line of credit \| Revolving credit facility \| TEPH
Debt Instrument [Line Items]
Borrowing capacity									272,400,000
Line of credit \| Revolving credit facility \| IS
Debt Instrument [Line Items]
Borrowing capacity									18,700,000
Line of credit \| Revolving credit facility \| AP9
Debt Instrument [Line Items]
Borrowing capacity									52,900,000
Line of credit \| Revolving credit facility \| BMB
Debt Instrument [Line Items]
Borrowing capacity									$ 25,000,000
Convertible senior notes \| 0.25% convertible senior notes \| SEI
Debt Instrument [Line Items]
Principal amount of debt issued						$ 575,000,000
Stated interest rate						0.25%			0.25%
Purchase price						$ 560,600,000
Discount						2.50%
Convertible senior notes \| 2.625% convertible senior notes \| SEI
Debt Instrument [Line Items]
Principal amount of debt issued				$ 600,000,000
Stated interest rate				2.625%					2.625%
Purchase price				$ 585,000,000
Discount				2.50%
Senior notes \| 5.875% senior notes \| Sunnova Energy Corporation
Debt Instrument [Line Items]
Principal amount of debt issued					$ 400,000,000
Stated interest rate					5.875%				5.875%
Purchase price					$ 395,000,000
Discount					1.24%
Senior notes \| 11.75% senior notes \| Sunnova Energy Corporation
Debt Instrument [Line Items]
Principal amount of debt issued	$ 400,000,000
Stated interest rate	11.75%								11.75%
Purchase price	$ 389,000,000
Discount	2.74%
Notes payable \| Sunnova Energy Corporation
Debt Instrument [Line Items]
Principal amount of debt issued	$ 1,900,000	$ 1,500,000	$ 6,800,000
Stated interest rate	7.49%	7.49%	7.24%
Debt instrument term	9 months	10 months	10 months

Long-Term Debt - Narrative - EZOP Debt through SOLIII Debt (Details) - USD ($)	1 Months Ended									12 Months Ended
	Nov. 30, 2022	Jun. 30, 2021	Feb. 28, 2021	Nov. 30, 2020	Feb. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Nov. 30, 2018	Apr. 30, 2017	Dec. 31, 2023	Nov. 30, 2023	Aug. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Feb. 28, 2023	Oct. 31, 2022	Sep. 30, 2022	Aug. 31, 2022	Jul. 31, 2022	Jun. 30, 2022	Mar. 31, 2021	Oct. 31, 2020	Sep. 30, 2020	Sep. 30, 2019	Aug. 31, 2017
Line of credit \| EZOP
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 200,000,000		$ 100,000,000											$ 400,000,000					$ 70,000,000
Line of credit \| EZOP \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity							200,000,000					$ 1,000,000,000		$ 900,000,000	$ 800,000,000		$ 575,000,000	$ 585,000,000	$ 535,000,000	$ 475,000,000	$ 350,000,000
Aggregate committed amount												875,000,000		775,000,000	$ 675,000,000			$ 450,000,000
Line of credit \| TEPH \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity											$ 1,575,000,000	859,000,000		789,700,000		$ 689,700,000	639,700,000					$ 600,000,000
Aggregate committed amount										$ 1,311,000,000	$ 1,309,000,000	769,300,000		700,000,000		$ 600,000,000	$ 564,700,000					$ 460,700,000		$ 100,000,000
Line of credit \| TEPH \| Revolving credit facility \| Solar Projects Before Construction
Debt Instrument [Line Items]
Advanced rate										60.00%
Line of credit \| TEPH \| Revolving credit facility \| Solar Projects Under Construction
Debt Instrument [Line Items]
Advanced rate										80.00%
Reserve										100.00%
Line of credit \| AP8 \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75,000,000											$ 215,000,000	$ 185,000,000	$ 150,000,000									$ 60,000,000
Basis spread on variable rate	3.00%
Line of credit \| Minimum \| TEPH \| Revolving credit facility
Debt Instrument [Line Items]
Basis spread on variable rate										2.90%
Line of credit \| Maximum \| TEPH \| Revolving credit facility
Debt Instrument [Line Items]
Basis spread on variable rate										4.30%
Line of credit \| Weighted-Average Cost To Lender Rate \| EZOP \| During Commitment Availability Period
Debt Instrument [Line Items]
Basis spread on variable rate									0.00035%
Line of credit \| Weighted-Average Cost To Lender Rate \| EZOP \| After Commitment Availability Period
Debt Instrument [Line Items]
Basis spread on variable rate									0.00045%
Line of credit \| Federal Funds Rate \| TEPH \| Revolving credit facility
Debt Instrument [Line Items]
Variable rate basis adjustment										0.50%
Takeout transaction period										18 months
Solar asset-backed notes \| SOLIII
Debt Instrument [Line Items]
Principal amount of debt issued		$ 319,000,000
Discount		0.04%
Stated interest rate		2.58%
Solar asset-backed notes \| HELII Series, 2018-1 Class A \| HELII
Debt Instrument [Line Items]
Principal amount of debt issued								$ 202,000,000
Discount								0.02%
Stated interest rate								4.87%
Solar asset-backed notes \| HELII Series, 2018-1 Class B \| HELII
Debt Instrument [Line Items]
Principal amount of debt issued								$ 60,700,000
Discount								0.02%
Stated interest rate								7.71%
Solar asset-backed notes \| RAYSI Series, 2019-1 Class A \| RAYSI
Debt Instrument [Line Items]
Principal amount of debt issued							$ 118,100,000
Stated interest rate							4.95%
Solar asset-backed notes \| RAYSI Series, 2019-1 Class B \| RAYSI
Debt Instrument [Line Items]
Principal amount of debt issued							$ 15,000,000
Discount							6.50%
Stated interest rate							6.35%
Solar asset-backed notes \| RAYSI Series, 2019-2 Class B \| RAYSI
Debt Instrument [Line Items]
Principal amount of debt issued						$ 6,400,000
Discount						10.50%
Stated interest rate						6.35%
Solar asset-backed notes \| SOLI Series 2020-1 Class A \| SOLI
Debt Instrument [Line Items]
Principal amount of debt issued					$ 337,100,000
Discount					0.89%
Stated interest rate					3.35%
Solar asset-backed notes \| SOLI Series 2020-1 Class B \| SOLI
Debt Instrument [Line Items]
Principal amount of debt issued					$ 75,400,000
Discount					0.85%
Stated interest rate					5.54%
Solar asset-backed notes \| SOLII Series 2020-2 Class A \| SOLII
Debt Instrument [Line Items]
Principal amount of debt issued				$ 209,100,000
Discount				0.03%
Stated interest rate				2.73%
Solar asset-backed notes \| SOLII Series 2020-2 Class B \| SOLII
Debt Instrument [Line Items]
Principal amount of debt issued				$ 45,600,000
Discount				0.05%
Stated interest rate				5.47%
Solar loan-backed notes \| HELIII Series, 2019-A Class A \| HELIII
Debt Instrument [Line Items]
Principal amount of debt issued						$ 139,700,000
Discount						0.03%
Stated interest rate						3.75%
Solar loan-backed notes \| HELIII Series, 2019-A Class B \| HELIII
Debt Instrument [Line Items]
Principal amount of debt issued						$ 14,900,000
Discount						0.01%
Stated interest rate						4.49%
Solar loan-backed notes \| HELIII Series, 2019-A Class C \| HELIII
Debt Instrument [Line Items]
Principal amount of debt issued						$ 13,000,000
Discount						0.03%
Stated interest rate						5.32%
Solar loan-backed notes \| HELV Series 2021-A Class A \| HELV
Debt Instrument [Line Items]
Principal amount of debt issued			$ 150,100,000
Discount			0.001%
Stated interest rate			1.80%
Solar loan-backed notes \| HELV Series 2021-A Class B \| HELV
Debt Instrument [Line Items]
Principal amount of debt issued			$ 38,600,000
Discount			2.487%
Stated interest rate			3.15%

Long-Term Debt - Narrative - HELV Debt through BMB Debt (Details) - USD ($)	1 Months Ended
	Oct. 31, 2023	Aug. 31, 2023	May 31, 2023	Apr. 30, 2023	Mar. 31, 2023	Nov. 30, 2022	Aug. 31, 2022	Jun. 30, 2022	Feb. 28, 2022	Oct. 31, 2021	Jul. 31, 2021	Jun. 30, 2020	Dec. 31, 2023	Sep. 30, 2023
HELVIII Series 2022-A Class A \| HELVIII
Debt Instrument [Line Items]
Principal amount of debt issued									$ 131,900,000
Discount									1.55%
Stated interest rate									2.79%
HELVIII Series 2022-A Class B \| HELVIII
Debt Instrument [Line Items]
Principal amount of debt issued									$ 102,200,000
Discount									2.23%
Stated interest rate									3.13%
HELVIII Series 2022-A Class C \| HELVIII
Debt Instrument [Line Items]
Principal amount of debt issued									$ 63,800,000
Discount									2.62%
Stated interest rate									3.53%
SOLIV Series 2022-1 Class A \| SOLIV
Debt Instrument [Line Items]
Principal amount of debt issued								$ 317,000,000
Discount								3.55%
Stated interest rate								4.95%
SOLIV Series 2022-1 Class B \| SOLIV
Debt Instrument [Line Items]
Principal amount of debt issued								$ 38,000,000
Discount								2.10%
Stated interest rate								6.35%
HELIX Series 2022-B Class A \| HELIX
Debt Instrument [Line Items]
Principal amount of debt issued							$ 178,000,000
Discount							0.69%
Stated interest rate							5.00%
HELIX Series 2022-B Class B \| HELIX
Debt Instrument [Line Items]
Principal amount of debt issued							$ 49,700,000
Discount							5.10%
Stated interest rate							6.00%
HELX Series 2022-C Class A \| HELX
Debt Instrument [Line Items]
Principal amount of debt issued						$ 103,400,000
Discount						5.38%
Stated interest rate						5.30%
HELX Series 2022-C Class B \| HELX
Debt Instrument [Line Items]
Principal amount of debt issued						$ 80,600,000
Discount						8.98%
Stated interest rate						5.60%
HELX Series 2022-C Class C \| HELX
Debt Instrument [Line Items]
Principal amount of debt issued						$ 51,700,000
Discount						14.74%
Stated interest rate						6.00%
HELXI Series, 2023-A, Class A \| HELXI
Debt Instrument [Line Items]
Principal amount of debt issued			$ 174,900,000
Discount			2.57%
Stated interest rate			5.30%
HELXI Series, 2023-A, Class B \| HELXI
Debt Instrument [Line Items]
Principal amount of debt issued			$ 80,100,000
Discount			5.31%
Stated interest rate			5.60%
HELXI Series, 2023-A, Class C \| HELXI
Debt Instrument [Line Items]
Principal amount of debt issued			$ 31,700,000
Discount			13.56%
Stated interest rate			6.00%
HESI Series, 2023-GRID1 Class A \| HESI
Debt Instrument [Line Items]
Principal amount of debt issued	$ 219,600,000
Discount	2.46%
Stated interest rate	5.75%
HESI Series, 2023-GRID1 Class B \| HESI
Debt Instrument [Line Items]
Principal amount of debt issued	$ 24,400,000
Discount	9.40%
Stated interest rate	8.25%
HELXII Series, 2023-B, Class B \| HELXII
Debt Instrument [Line Items]
Principal amount of debt issued		$ 71,100,000
Discount		6.67%
Stated interest rate		5.60%
HELXII Series, 2023-B, Class A \| HELXII
Debt Instrument [Line Items]
Principal amount of debt issued		$ 148,500,000
Discount		4.23%
Stated interest rate		5.30%
HELXII Series, 2023-B, Class C \| HELXII
Debt Instrument [Line Items]
Principal amount of debt issued		$ 23,100,000
Discount		12.64%
Stated interest rate		6.00%
Solar loan-backed notes \| HELVI Series 2021-B Class A \| HELVI
Debt Instrument [Line Items]
Principal amount of debt issued											$ 106,200,000
Discount											0.01%
Stated interest rate											1.62%
Solar loan-backed notes \| HELVI Series 2021-B Class B \| HELVI
Debt Instrument [Line Items]
Principal amount of debt issued											$ 106,200,000
Discount											0.04%
Stated interest rate											2.01%
Solar loan-backed notes \| HELVII Series 2021-C Class A \| HELVII
Debt Instrument [Line Items]
Principal amount of debt issued										$ 68,400,000
Discount										0.04%
Stated interest rate										2.03%
Solar loan-backed notes \| HELVII Series 2021-C Class B \| HELVII
Debt Instrument [Line Items]
Principal amount of debt issued										$ 55,900,000
Discount										0.03%
Stated interest rate										2.33%
Solar loan-backed notes \| HELVII Series 2021-C Class C \| HELVII
Debt Instrument [Line Items]
Principal amount of debt issued										$ 31,500,000
Discount										0.01%
Stated interest rate										2.63%
Solar loan-backed notes \| HELIV Series 2020-A Class A \| HELIV
Debt Instrument [Line Items]
Principal amount of debt issued												$ 135,900,000
Discount												0.01%
Stated interest rate												2.98%
Solar loan-backed notes \| HELIV Series 2020-A Class B \| HELIV
Debt Instrument [Line Items]
Principal amount of debt issued												$ 22,600,000
Discount												4.18%
Stated interest rate												7.25%
Line of credit \| IS \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 50,000,000
Maturity period after parent credit facility maturity					6 months
Maturity trigger, parent credit facility, terminated minimum					$ 250,000,000
Line of credit \| AP9 \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity														$ 65,000,000
Line of credit \| BMB \| Revolving credit facility
Debt Instrument [Line Items]
Aggregate committed amount													$ 25,000,000
Secured Debt \| SOLV Series, 2023-1 Class A \| SOLV
Debt Instrument [Line Items]
Principal amount of debt issued				$ 300,000,000
Discount				5.01%
Stated interest rate				5.40%
Secured Debt \| SOLV Series, 2023-1 Class B \| SOLV
Debt Instrument [Line Items]
Principal amount of debt issued				$ 23,500,000
Discount				11.63%
Stated interest rate				7.35%

Long-Term Debt - Schedule of Long-term Debt Maturities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 483,497
2025	1,782,383
2026	1,226,422
2027	222,438
2028	1,239,106
2029 and thereafter	2,762,068
Total	$ 7,715,914

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Long-Term Debt - Schedule of Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Aug. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Aug. 31, 2022	Aug. 31, 2021	Jun. 30, 2021	May 31, 2021
Debt Instrument [Line Items]
Net deferred financing costs and debt discounts	$ 201,700				$ 130,200
Carrying Value
Debt Instrument [Line Items]
Long-term debt	7,715,914				5,539,347
Estimated Fair Value
Debt Instrument [Line Items]
Long-term debt	$ 7,409,940				5,089,220
SEI \| Convertible senior notes \| 0.25% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	0.25%								0.25%
SEI \| Convertible senior notes \| 2.625% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	2.625%					2.625%
SEI \| Carrying Value \| Convertible senior notes \| 0.25% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	$ 575,000				575,000
SEI \| Carrying Value \| Convertible senior notes \| 2.625% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	600,000				600,000
SEI \| Estimated Fair Value \| Convertible senior notes \| 0.25% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	528,927				511,733
SEI \| Estimated Fair Value \| Convertible senior notes \| 2.625% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	$ 582,463				574,693
Sunnova Energy Corporation \| Notes payable
Debt Instrument [Line Items]
Stated interest rate		7.49%	7.49%	7.24%
Sunnova Energy Corporation \| Senior notes \| 5.875% senior notes
Debt Instrument [Line Items]
Stated interest rate	5.875%						5.875%
Sunnova Energy Corporation \| Senior notes \| 11.75% senior notes
Debt Instrument [Line Items]
Stated interest rate	11.75%	11.75%
Sunnova Energy Corporation \| Carrying Value \| Notes payable
Debt Instrument [Line Items]
Long-term debt	$ 3,084				0
Sunnova Energy Corporation \| Carrying Value \| Senior notes \| 5.875% senior notes
Debt Instrument [Line Items]
Long-term debt	400,000				400,000
Sunnova Energy Corporation \| Carrying Value \| Senior notes \| 11.75% senior notes
Debt Instrument [Line Items]
Long-term debt	400,000				0
Sunnova Energy Corporation \| Estimated Fair Value \| Notes payable
Debt Instrument [Line Items]
Long-term debt	3,084				0
Sunnova Energy Corporation \| Estimated Fair Value \| Senior notes \| 5.875% senior notes
Debt Instrument [Line Items]
Long-term debt	369,522				359,283
Sunnova Energy Corporation \| Estimated Fair Value \| Senior notes \| 11.75% senior notes
Debt Instrument [Line Items]
Long-term debt	411,996				0
HELII \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	203,998				212,648
HELII \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	198,590				206,045
RAYSI \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	111,445				115,835
RAYSI \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	102,480				104,594
HELIII \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	96,215				104,685
HELIII \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	87,982				93,706
SOLI \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	348,839				365,025
SOLI \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	310,928				313,174
HELIV \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	108,312				117,149
HELIV \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	96,603				100,913
SOLII \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	229,150				238,685
SOLII \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	192,589				189,728
HELV \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	147,969				158,307
HELV \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	132,533				135,408
SOLIII \| Solar asset-backed notes
Debt Instrument [Line Items]
Stated interest rate								2.58%
SOLIII \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	273,307				292,411
SOLIII \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	235,318				237,425
HELVI \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	173,422				184,439
HELVI \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	153,836				157,289
HELVII \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	133,715				142,914
HELVII \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	120,413				124,476
HELVIII \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	263,015				281,113
HELVIII \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	241,599				252,483
SOLIV \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	334,076				346,331
SOLIV \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	325,816				334,335
HELIX \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	211,420				223,469
HELIX \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	203,375				210,070
HELX \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	220,838				180,636
HELX \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	221,655				183,165
SOLV \| Carrying Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	320,619				0
SOLV \| Estimated Fair Value \| Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	317,481				0
HELXI \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	278,491				0
HELXI \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	275,323				0
HELXII \| Carrying Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	236,924				0
HELXII \| Estimated Fair Value \| Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	242,091				0
Revolving credit facility \| EZOP \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	511,000				500,000
Revolving credit facility \| EZOP \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	511,000				500,000
Revolving credit facility \| TEPH \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	1,036,600				425,700
Revolving credit facility \| TEPH \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	1,036,600				425,700
Revolving credit facility \| AP8 \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	215,000				75,000
Revolving credit facility \| AP8 \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	215,000				75,000
Revolving credit facility \| IS \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	31,300				0
Revolving credit facility \| IS \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	31,300				0
Revolving credit facility \| AP9 \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	12,118				0
Revolving credit facility \| AP9 \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	12,118				0
Revolving credit facility \| HESI \| Carrying Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	240,057				0
Revolving credit facility \| HESI \| Estimated Fair Value \| Line of credit
Debt Instrument [Line Items]
Long-term debt	$ 249,318				$ 0

Derivative Instruments - Narrative (Details) - Interest Rate Swap - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Aggregate notional amount of derivative	$ 1,723,984,000	$ 948,226,000
EZOP
Derivative [Line Items]
Aggregate notional amount of derivative	1,100,000,000	506,600,000
Aggregate notional amount of unwound derivative	798,000,000	360,200,000
Realized gain	45,800,000	22,900,000
TEPH
Derivative [Line Items]
Aggregate notional amount of derivative	851,600,000	524,900,000
Aggregate notional amount of unwound derivative	241,100,000	515,400,000
Realized gain	9,700,000	28,300,000
AP8
Derivative [Line Items]
Aggregate notional amount of derivative	140,000,000	75,000,000
Aggregate notional amount of unwound derivative	0
Realized gain	1,100,000	0
AP9
Derivative [Line Items]
Aggregate notional amount of derivative	25,000,000	0
Aggregate notional amount of unwound derivative	0	0
Realized gain	$ 62,000	$ 0

Derivative Instruments - Outstanding Derivative Instruments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Interest rate swap
Derivative [Line Items]
Aggregate Notional Amount	$ 1,723,984,000	$ 948,226,000
EZOP \| Interest rate swap
Derivative [Line Items]
Aggregate Notional Amount	$ 1,100,000,000	$ 506,600,000
EZOP \| Interest Rate Swap One
Derivative [Line Items]
Fixed Interest Rate	2.00%	0.89%
Aggregate Notional Amount	$ 489,581,000	$ 489,477,000
TEPH \| Interest rate swap
Derivative [Line Items]
Aggregate Notional Amount	851,600,000	524,900,000
TEPH \| Interest Rate Swap Two
Derivative [Line Items]
Aggregate Notional Amount	$ 994,403,000	$ 383,749,000
TEPH \| Interest Rate Swap Two \| Minimum
Derivative [Line Items]
Fixed Interest Rate	2.62%	1.52%
TEPH \| Interest Rate Swap Two \| Maximum
Derivative [Line Items]
Fixed Interest Rate	4.202%	2.63%
AP8 \| Interest rate swap
Derivative [Line Items]
Aggregate Notional Amount	$ 140,000,000	$ 75,000,000
AP8 \| Interest Rate Swap Three
Derivative [Line Items]
Fixed Interest Rate	4.25%	4.25%
Aggregate Notional Amount	$ 215,000,000	$ 75,000,000
AP9 \| Interest rate swap
Derivative [Line Items]
Aggregate Notional Amount	$ 25,000,000	$ 0
AP9 \| Interest Rate Swap Three
Derivative [Line Items]
Fixed Interest Rate	4.25%
Aggregate Notional Amount	$ 25,000,000	$ 0

Derivative Instruments - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Not designated as hedging instrument \| Interest rate swap
Derivatives, Fair Value [Line Items]
Other assets	$ 55,471	$ 112,712

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483466/210-20-50-3

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483444/210-20-55-22

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483444/210-20-55-10

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-10

Derivative Instruments - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized (gain) loss	$ 67,318	$ (19,451)	$ (4,874)
Interest Rate Swap \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Realized (gain) loss	(56,623)	(51,207)	2,306
Unrealized (gain) loss	67,318	(19,451)	(4,874)
Total	$ 10,695	$ (70,658)	$ (2,568)

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Effective income tax rate	0.00%	(3.00%)	0.00%
Income tax (benefit) expense	$ (1,023,000)	$ 3,886,000	$ 260,000
Valuation allowance	227,414,000	252,124,000
Tax credit carryforward	309,700,000
Income tax penalties and interest accrued	0	$ 0
Investment Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	28,200,000
Domestic Tax Authority
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 1,100,000,000

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Loss before income tax	$ (503,449)	$ (126,390)	$ (147,250)
Statutory federal tax rate	21.00%	21.00%	21.00%
Tax benefit computed at statutory rate	$ (105,724)	$ (26,542)	$ (30,923)
State income tax, net of federal benefit	14,804	(3,167)	(2,399)
ITC sales	(15,893)	0	0
Redeemable noncontrolling interests and noncontrolling interests	17,738	(6,587)	1,970
ITC recapture	0	101	82
Other	4,179	1,992	1,054
Increase in valuation allowance, net	83,873	38,089	30,476
Total income tax (benefit) expense	$ (1,023)	$ 3,886	$ 260

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal net operating loss carryforward	$ 238,447	$ 261,837
State net operating loss carryforward	60,980	61,141
ITC carryforward	309,693	285,614
Foreign tax credit carryforward	18,087	0
Federal unused interest deduction carryforward	49,979	45,750
Equity-based compensation	22,935	16,701
Deferred revenue	7,433	6,123
Unrealized loss on derivatives	(17,119)	(32,459)
Investment in certain financing arrangements	150,476	154,635
Amortization of intangible assets	0	12,730
Other deferred tax assets	48,619	30,606
Deferred tax assets	889,530	842,678
Fixed asset basis difference	(627,290)	(394,082)
Intangible asset basis difference	(30,921)	(54,196)
Investment in certain financing arrangements	0	(135,181)
Other deferred tax liabilities	(4,259)	(7,095)
Deferred tax liabilities	(662,470)	(590,554)
Valuation allowance	(227,414)	(252,124)
Net deferred tax liability	$ (354)	$ 0

Acquisitions - Additional Information (Details)		1 Months Ended		3 Months Ended	12 Months Ended
Acquisitions - Additional Information (Details)	Apr. 01, 2021 USD ($)	Aug. 31, 2021 shares	Apr. 30, 2021 USD ($) payout_element tax_equity_fund tranche installment shares	Sep. 30, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests					$ 382,904,000	$ 84,923,000	$ 8,375,000
Number of tax equity funds \| tax_equity_fund			4
Tax equity funds period			4 years
Lennar Corporation
Business Acquisition [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests			$ 200,000,000
SunStreet Energy Group, LLC
Business Acquisition [Line Items]
Business acquisition, shares issued in exchange (in shares) \| shares			7,011,751
Business acquisition, shares issued at closing (in shares) \| shares			3,095,329
Business acquisition, shares issued at final purchase adjustment (in shares) \| shares		27,526
Business acquisition, shares issuable as earnout (in shares) \| shares			3,888,896
Purchase consideration	$ 218,600,000
Business acquisition, issuance of common stock	128,200,000
Business acquisition, fair value of contingent consideration	$ 90,400,000
Business acquisition, payout period (in years)			5 years
Business acquisition, number of payout elements to be met \| payout_element			2
Contingent consideration arrangements, range of outcomes, high					31,000,000
Contingent consideration arrangements, range of outcomes, low					7,200,000
Projected average share price determination period (in years)			5 years
Transaction costs					$ 1,200,000	$ 7,800,000	$ 6,700,000
Purchase price adjustment, goodwill				$ 9,100,000
SunStreet Energy Group, LLC \| Payout One
Business Acquisition [Line Items]
Business acquisition, shares issuable as earnout (in shares) \| shares			2,777,784
Business acquisition, number of annual installments \| installment			4
Business acquisition, payout installment period			4 years
SunStreet Energy Group, LLC \| Payout Two
Business Acquisition [Line Items]
Business acquisition, shares issuable as earnout (in shares) \| shares			1,111,112
Number of tranches, earnout \| tranche			2

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Goodwill	$ 0	$ 13,150
SunStreet Energy Group, LLC
Business Acquisition [Line Items]
Cash			$ 503
Other current assets (includes inventory of $26,835)			33,562
Property and equipment			217
Intangible assets			211,836
Other assets			1,060
Total assets acquired			247,178
Accounts payable			3,762
Accrued expenses			4,580
Current portion of long-term debt			32,301
Other current liabilities			364
Other long-term liabilities			697
Total liabilities assumed			41,704
Net assets acquired, excluding goodwill			205,474
Purchase consideration			218,624
Goodwill			13,150
Inventory			$ 26,835

Redeemable Noncontrolling Interests and Noncontrolling Interests - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Non-performance fees paid		$ 766	$ 9,500	$ 41,200
Non-performance fee		$ 3,200	$ 170
Class A members \| Flip Date
Noncontrolling Interest [Line Items]
Allocation of income (loss)		5.00%
Class A members \| Maximum
Noncontrolling Interest [Line Items]
Allocation of income (loss)		99.00%
Class A members \| TEPIVA, TEPIVB, TEPIVC, TEPIVD, TEPIVE, TEPIVG, TEPVB, TEPVC, TEPVD, TEP6A, TEP6B, TEP6C, TEP6D, TEP7A, TEP7D and TEP8A
Noncontrolling Interest [Line Items]
Allocation of income (loss)		67.00%
Class A members \| Sunnova TEP I, LLC
Noncontrolling Interest [Line Items]
Interest purchased	100.00%
Purchase of noncontrolling interest	$ 5,900
Noncontrolling interest, period increase	$ 67,000
Class B Members \| Minimum
Noncontrolling Interest [Line Items]
Allocation of income (loss)		1.00%
Class B Members \| TEPIVA, TEPIVB, TEPIVC, TEPIVD, TEPIVE, TEPIVG, TEPVB, TEPVC, TEPVD, TEP6A, TEP6B, TEP6C, TEP6D, TEP7A, TEP7D and TEP8A
Noncontrolling Interest [Line Items]
Allocation of income (loss)		33.00%

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended				12 Months Ended
	Aug. 31, 2023	Nov. 30, 2021	Aug. 31, 2021	Apr. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Aug. 30, 2023
Repayments of Debt [Line Items]
Non-cash conversion of convertible senior notes for common stock					$ 0	$ 0	$ 95,648
Master lease agreement, common stock consideration (in shares)		1,027,409
SunStreet Energy Group, LLC
Repayments of Debt [Line Items]
Business acquisition, shares issued at closing (in shares)				3,095,329
Business acquisition, shares issued at final purchase adjustment (in shares)			27,526
Shares issued (in shares)					693,443	694,446
9.75% Convertible Senior Notes Due April 2025 \| Convertible senior notes \| SEI
Repayments of Debt [Line Items]
Stated interest rate							9.75%
Non-cash conversion of convertible senior notes for common stock							$ 97,100
Debt conversion, shares issued (in shares)							7,196,035
Public Stock Offering
Repayments of Debt [Line Items]
Shares issued (in shares)	5,865,000
Common stock offering price (in USD per share)								$ 14.75
Sale of stock, net proceeds	$ 82,200
Underwriting discounts and commissions	3,900
Issuance costs on offering expenses	$ 400

Equity-Based Compensation - Narrative (Details)		1 Months Ended		12 Months Ended
Equity-Based Compensation - Narrative (Details)	Jul. 29, 2019 shares	Feb. 28, 2023 shares	May 31, 2022 USD ($) shares	Dec. 31, 2023 USD ($) plan shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Mar. 31, 2016 shares	Dec. 01, 2013 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock option plans \| plan				2
Granted (in shares)				1,017,493	538,758	75,031
Stock options exercised (in shares)				41,788	18,383	569,740
Issued (in shares)				41,788	18,383	569,740
Proceeds from issuance of common stock, net \| $				$ 81,316,000		$ 10,513,000
Stock options vested (in shares)				16,816	16,816
Stock options vested, value \| $				$ 309,000	$ 309,000
Total unrecognized compensation expense \| $				9,100,000
Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	5,229,318				5,746,588
Percent of outstanding shares available for grant	5.00%
Additional shares authorized during period (in shares)		1,525,652
Common stock outstanding					5.00%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from issuance of common stock, net \| $				$ 540,000	$ 213,000	$ 9,000,000
Expected dividend yield				0.00%	0.00%	0.00%
Weighted average period				1 year 9 months 14 days
Stock Options \| Prior Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)								26,032
Stock Options \| 2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)							4,288,950
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period				1 year 3 months 18 days
Restricted stock units, vested \| $				$ 18,300,000	$ 19,300,000
Unrecognized compensation expense \| $				$ 26,600,000
Restricted Stock Units \| Long-Term Incentive Plan \| Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					1 year
Restricted Stock Units \| Long-Term Incentive Plan \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Restricted Stock Units \| Long-Term Incentive Plan \| Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					7 years
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)			750,000
Discount from market price			95.00%
Purchase period			6 months
Maximum employee eligible contribution			15.00%
Maximum annual contributions per employee \| $			$ 25,000
Shares issued in period (in shares)				35,160	7,106

Equity-Based Compensation - Schedule of Stock Options Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.50%
Volatility	65.58%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.38%
Volatility	69.81%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate		2.40%	1.13%
Expected term (in years)			6 years 1 month 17 days
Volatility		58.76%	55.13%
Stock Options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 3 months 3 days	6 years 4 months 15 days
Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 6 months 25 days	6 years 5 months 15 days

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Equity-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of Stock Options
Outstanding, beginning balance (in shares)	3,259,459	3,259,459	2,765,815
Granted (in shares)		1,017,493	538,758	75,031
Exercised (in shares)		(41,788)	(18,383)	(569,740)
Forfeited (in shares)		(217,015)	(26,731)
Outstanding, ending balance (in shares)		4,018,149	3,259,459	2,765,815
Number of stock options, exercisable (in shares)		2,575,095
Number of stock options, vested and expected to vest (in shares)		4,018,149
Number of stock options, non-vested (in shares)		1,443,054	570,230
Weighted Average Exercise Price
Outstanding, beginning balance (in USD per share)	$ 18.48	$ 18.48	$ 16.71
Granted (in USD per share)		15.01	27.62
Exercised (in USD per share)		12.91	11.59
Forfeited (in USD per share)		19.38	24.77
Outstanding, ending balance (in USD per share)		17.61	$ 18.48	$ 16.71
Weighted average exercise price, exercisable (in USD per share)		16.50
Weighted average exercise price, vested and expected to vest (in USD per share)		$ 17.61
Weighted Average Remaining Contractual Term (Years)
Outstanding, balance	4 years 9 months	4 years 11 months 19 days		4 years 10 months 28 days
Granted		9 years 2 months 23 days	9 years 2 months 19 days
Weighted average remaining contractual term, exercisable		2 years 9 months 18 days
Weighted average remaining contractual term, vested and expected to vest		4 years 11 months 19 days
Weighted Average Grant Date Fair Value
Granted (in USD per share)		$ 8.82	$ 14.37
Forfeited (in USD per share)		8.77	12.83
Weighted average grant date fair value, non-vested (in USD per share)		$ 10.78	$ 14.71
Aggregate Intrinsic Value
Outstanding, beginning balance	$ 10,341	$ 10,341	$ 31,874
Exercised		203	231
Outstanding, ending balance		5,542	$ 10,341	$ 31,874
Aggregate intrinsic value, exercisable		4,787
Aggregate intrinsic value, vested and expected to vest		$ 5,542

Equity-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of Restricted Stock Units
Outstanding, beginning balance (in shares)	1,609,615	1,649,789
Granted (in shares)	2,155,890	1,035,714
Vested (in shares)	(1,009,102)	(974,972)
Forfeited (in shares)	(372,198)	(100,916)
Outstanding, ending balance (in shares)	2,384,205	1,609,615
Weighted Average Grant Date Fair Value
Outstanding. beginning balance (in USD per share)	$ 16.60	$ 20.62	$ 18.48
Granted (in USD per share)	14.50	23.79
Vested (in USD per share)	18.10	19.79
Forfeited (in USD per share)	17.78	26.21
Outstanding, ending balance (in USD per share)	$ 16.60	$ 20.62

Basic and Diluted Net Loss Per Share - Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net loss attributable to stockholders—basic	$ (417,961)	$ (161,642)	$ (138,128)
Net loss attributable to stockholders - diluted	$ (417,961)	$ (161,642)	$ (138,128)
Net loss per share attributable to stockholders - basic (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Net loss per share attributable to stockholders - diluted (in USD per share)	$ (3.53)	$ (1.41)	$ (1.25)
Weighted average common shares outstanding - basic (in shares)	118,344,728	114,451,034	110,881,630
Weighted average common shares outstanding - diluted (in shares)	118,344,728	114,451,034	110,881,630

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-11

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

Cash and cash equivalents

Basic and Diluted Net Loss Per Share - Anti-Dilutive Weighted Average Shares (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity-based compensation awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	6,093,155	4,907,458	4,670,740
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	34,150,407	23,228,952	10,829,353

Commitments and Contingencies - Narrative (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) MWh	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Current portion of performance guarantee obligations		$ 2,667	$ 2,495
Letter of credit outstanding		0	4,100
Other commitment		166,400	121,300
Payments for dealer commitments		53,800	50,100
Megawatt hours to be purchased \| MWh	1,420
Purchase commitment				$ 325,000
Payments for purchase obligations		178,600	216,000
Remaining purchase commitment		255,000
Performance Guarantee Obligations
Loss Contingencies [Line Items]
Performance guarantee obligations	$ 5,293	6,753	4,845
Current portion of performance guarantee obligations		2,700	2,500
Long-term portion of performance guarantee obligations		$ 4,100	$ 2,300

Commitments and Contingencies - Performance Guarantee Obligations (Details) - Performance Guarantee Obligations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Performance Guarantee Obligations [Roll Forward]
Balance at beginning of period	$ 4,845	$ 5,293
Accruals	4,982	2,727
Settlements	(3,074)	(3,175)
Balance at end of period	$ 6,753	$ 4,845

Commitments and Contingencies - Lease Expenses and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 2,910	$ 2,753	$ 1,643
Finance lease expense:
Amortization expense	1,150	783	417
Interest on lease liabilities	109	60	38
Short-term lease expense	197	141	78
Variable lease expense	1,049	961	1,064
Total	$ 5,415	$ 4,698	$ 3,240

Commitments and Contingencies - Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Right-of-use assets:
Operating leases	$ 13,247	$ 14,706
Finance leases	4,085	2,476
Total right-of-use assets	17,332	17,182
Current lease liabilities:
Operating leases	2,883	2,451
Finance leases	1,348	796
Long-term leases liabilities:
Operating leases	14,005	15,751
Finance leases	1,631	957
Total lease liabilities	$ 19,867	$ 19,955
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities

Commitments and Contingencies - Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$ 2,765	$ 1,647	$ 1,310
Operating cash flows from finance leases	109	60	38
Financing cash flows from finance leases	1,059	801	476
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	741	245	8,867
Finance leases	2,759	1,072	2,213
Leasehold improvements reimbursements	$ 545	$ 297	$ 423
Weighted average remaining lease term (years):
Operating leases	5 years 6 months 3 days	6 years 7 months 6 days
Finance leases	3 years 1 month 13 days	2 years 10 months 9 days
Weighted average discount rate (percent)
Operating leases	4.06%	3.95%
Finance leases	6.26%	4.37%

Commitments and Contingencies - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 3,517
2025	3,409
2026	3,236
2027	3,304
2028	3,372
2029 and thereafter	2,113
Total	18,951
Amount representing interest	(1,987)
Amount representing leasehold incentives	(76)
Present value of future payments	16,888
Current portion of lease liability	(2,883)	$ (2,451)
Long-term portion of lease liability	14,005	15,751
Finance Leases
2024	1,498
2025	940
2026	541
2027	277
2028	0
2029 and thereafter	0
Total	3,256
Amount representing interest	(277)
Amount representing leasehold incentives	0
Present value of future payments	2,979
Current portion of lease liability	(1,348)	(796)
Long-term portion of lease liability	$ 1,631	$ 957

Commitments and Contingencies - Dealer Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Total	$ 166,400	$ 121,300
Long-Term Dealer Commitments
Other Commitments [Line Items]
2024	77,724
2025	57,079
2026	36,904
2027	30,000
2028	0
2029 and thereafter	0
Total	$ 201,707

Commitments and Contingencies - Information Technology Commitments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 23,045
2025	7,243
2026	6,137
2027	7,405
2028	515
2029 and thereafter	515
Total	$ 44,860

Subsequent Events (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
Subsequent Events (Details) - USD ($) $ in Thousands	Feb. 22, 2024	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests			$ 382,904	$ 84,923	$ 8,375
TEP7A \| Class A members
Subsequent Event [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests		$ 59,000
Subsequent Event \| Sunnova Sol VI Issuer, LLC \| SOLVI Series 2024-1 Class A \| Solar asset-backed notes
Subsequent Event [Line Items]
Principal amount of debt issued	$ 194,500
Discount	4.66%
Stated interest rate	5.65%
Subsequent Event \| Sunnova Sol VI Issuer, LLC \| SOLVI Series 2024-1 Class B \| Solar asset-backed notes
Subsequent Event [Line Items]
Principal amount of debt issued	$ 16,500
Discount	7.08%
Stated interest rate	7.00%
Subsequent Event \| Sunnova Sol VI Issuer, LLC \| SOLVI Series 2024-1 Class C \| Solar asset-backed notes
Subsequent Event [Line Items]
Principal amount of debt issued	$ 15,000
Discount	13.98%
Stated interest rate	9.00%
Subsequent Event \| TEP7A \| Class A members
Subsequent Event [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests	$ 61,400
Subsequent Event \| TEP8D \| Class A members
Subsequent Event [Line Items]
Contributions from redeemable noncontrolling interests and noncontrolling interests	$ 195,000

Schedule I Parent Company Financial Statements - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Current assets:

$ 212,832

$ 360,257

$ 243,101

Accounts receivable, including affiliates

40,767

24,435

Total current assets

936,248

948,389

Total assets

^[1]

11,340,971

8,336,892

Current liabilities:

355,791

116,136

Total current liabilities

133,649

71,506

1,095,292

541,946

Total liabilities

^[1]

9,212,059

6,449,442

Stockholders' equity:

Common stock, 122,466,515 and 114,939,079 shares issued as of December 31, 2023 and 2022, respectively, at $0.0001 par value

12

11

Additional paid-in capital—common stock

1,755,461

1,637,847

Accumulated deficit

(228,583)

(364,782)

Total stockholders' equity

1,526,890

1,273,076

Total liabilities, redeemable noncontrolling interests and equity

11,340,971

8,336,892

Parent Company

Current assets:

Cash and cash equivalents

75

65

Accounts receivable, including affiliates

7

0

Total current assets

82

65

Investments in subsidiaries

1,677,268

2,056,622

Total assets

1,677,350

2,056,687

Current liabilities:

2

22

Total current liabilities

6,138

5,895

6,140

5,917

Long-term debt, net

1,155,078

1,149,756

Total liabilities

1,161,218

1,155,673

Stockholders' equity:

Common stock, 122,466,515 and 114,939,079 shares issued as of December 31, 2023 and 2022, respectively, at $0.0001 par value

12

11

Additional paid-in capital—common stock

1,735,470

1,617,856

Accumulated deficit

(1,219,350)

(716,853)

Total stockholders' equity

516,132

901,014

Total liabilities, redeemable noncontrolling interests and equity

$ 1,677,350

$ 2,056,687

[1]

The consolidated assets as of December 31, 2023 and 2022 include $5,297,816 and $3,201,271, respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $54,674 and $40,382 as of December 31, 2023 and 2022, respectively; accounts receivable—trade, net of $13,860 and $8,542 as of December 31, 2023 and 2022, respectively; accounts receivable—other of $187,607 and $810 as of December 31, 2023 and 2022, respectively; other current assets of $693,772 and $422,364 as of December 31, 2023 and 2022, respectively; property and equipment, net of $4,273,478 and $2,680,587 as of December 31, 2023 and 2022, respectively; and other assets of $74,425 and $48,586 as of December 31, 2023 and 2022, respectively. The consolidated liabilities as of December 31, 2023 and 2022 include $278,016 and $66,441, respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $197,072 and $9,015 as of December 31, 2023 and 2022, respectively; accrued expenses of $157 and $287 as of December 31, 2023 and 2022, respectively; other current liabilities of $7,269 and $4,420 as of December 31, 2023 and 2022, respectively; and other long-term liabilities of $73,518 and $52,719 as of December 31, 2023 and 2022, respectively.

Schedule I Parent Company Financial Statements - Condensed Balance Sheets Additional Information (Details) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Common stock, issued (in shares)	122,466,515	114,939,079
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Parent Company
Condensed Financial Statements, Captions [Line Items]
Common stock, issued (in shares)	122,466,515	114,939,079
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001

Schedule I Parent Company Financial Statements - Condensed Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 720,653	$ 557,690	$ 241,752
General and administrative expense	430,422	302,004	204,236
Operating loss	(243,435)	(81,504)	(54,890)
Loss on extinguishment of long-term debt, net	0	0	9,824
Loss before income tax	(503,449)	(126,390)	(147,250)
Income tax (benefit) expense	(1,023)	3,886	260
Net loss	(502,426)	(130,276)	(147,510)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Revenue	0	0	0
General and administrative expense	1,367	1,362	929
Other operating expense	24	0	0
Operating loss	(1,391)	(1,362)	(929)
Interest expense, net	22,536	10,835	3,722
Equity in losses of subsidiaries	478,494	118,079	142,870
Loss before income tax	(502,421)	(130,276)	(147,521)
Income tax (benefit) expense	5	0	0
Net loss	$ (502,426)	$ (130,276)	$ (147,521)

Schedule I Parent Company Financial Statements - Condensed Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$ (237,562)	$ (333,426)	$ (209,230)
CASH FLOWS FROM INVESTING ACTIVITIES
Other, net	5,238	680	4,353
Net cash used in investing activities	(2,544,661)	(1,981,602)	(1,241,216)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	3,507,828	2,903,727	2,235,939
Payments of deferred financing costs	(75,920)	(30,791)	(31,324)
Purchase of capped call transactions	0	(48,420)	(91,655)
Proceeds from issuance of common stock, net	81,316		10,513
Other, net	(6,998)	(802)	(476)
Net cash provided by financing activities	2,731,051	2,468,705	1,464,450
Net increase (decrease) in cash, cash equivalents and restricted cash	(51,172)	153,677	14,004
Cash, cash equivalents and restricted cash at beginning of period	545,574	391,897	377,893
Cash, cash equivalents and restricted cash at end of period	494,402	545,574	391,897
Non-cash investing and financing activities:
Non-cash conversion of convertible senior notes for common stock	0	0	95,648
Non-cash issuance of common stock for investments in solar receivables	0	0	44,353
Non-cash issuance of common stock for business acquisition	0	0	128,224
Supplemental cash flow information:
Cash paid for interest	283,985	142,870	88,256
Cash paid for income taxes	14,726	2,000	190
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	(13,605)	3,045	8,554
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in subsidiaries	(88,645)	(560,700)	(500,700)
Distributions from subsidiaries	19,650	21,100	0
Other, net	90	0	0
Net cash used in investing activities	(68,905)	(539,600)	(500,700)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	0	585,000	560,625
Payments of deferred financing costs	(43)	(516)	(615)
Purchase of capped call transactions	0	(48,420)	(91,655)
Proceeds from issuance of common stock, net	82,563	38	19,392
Net cash provided by financing activities	82,520	536,102	487,747
Net increase (decrease) in cash, cash equivalents and restricted cash	10	(453)	(4,399)
Cash, cash equivalents and restricted cash at beginning of period	65	518	4,917
Cash, cash equivalents and restricted cash at end of period	75	65	518
Non-cash investing and financing activities:
Non-cash conversion of convertible senior notes for common stock	0	0	95,648
Non-cash issuance of common stock for investments in solar receivables	0	0	44,353
Non-cash issuance of common stock for business acquisition	0	0	128,224
Supplemental cash flow information:
Cash paid for interest	17,013	1,438	1,390
Cash paid for income taxes	$ 0	$ 0	$ 0

Schedule I Parent Company Financial Statements - Basis of Presentation (Details) - Parent Company - IPO	Jul. 24, 2019 $ / shares shares
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares) \| shares	14,000,000
Common stock offering price (in USD per share) \| $ / shares	$ 12.00

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2020-06 [Member]

Indicates amendment to accounting standards.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 832
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483482/832-10-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 832
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483482/832-10-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 54: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 55: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 58: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 59: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 60: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 61: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 62: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 63: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 64: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 65: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 66: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 67: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 68: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 69: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 70: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 71: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 72: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1