December 31,

2016

Solar energy systems leased to customers

$

5,052,976

Initial direct costs related to customer solar energy

   system lease acquisition costs

12,774

$

5,065,750

Less: accumulated depreciation and amortization

(20,157

)

$

5,045,593

Solar energy systems under constructions

460,913

Solar energy systems to be leased to customers

413,374

Solar energy systems, leased and to be leased – net (1)(2)

$

5,919,880

(1)

Included in solar energy systems leased to customers as of December 31, 2016, was $36.0 million related to capital leased assets with an accumulated depreciation of $0.2 million.

(2)

Included in solar energy systems, leased and to be leased, as of December 31, 2016, was $21.3 million related to energy storage systems with an accumulated depreciation of $0.1 million.