|
Note 7 – Solar Energy Systems, Net
Solar energy systems, net, consisted of the following (in millions):
|
|
|
December 31, |
|
|
December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Solar energy systems in service |
|
$ |
6,758 |
|
|
$ |
6,682 |
|
|
Initial direct costs related to customer solar energy
system lease acquisition costs |
|
|
103 |
|
|
|
102 |
|
|
|
|
|
6,861 |
|
|
|
6,784 |
|
|
Less: accumulated depreciation and amortization (1) |
|
|
(955 |
) |
|
|
(723 |
) |
|
|
|
|
5,906 |
|
|
|
6,061 |
|
|
Solar energy systems under construction |
|
|
28 |
|
|
|
18 |
|
|
Solar energy systems pending interconnection |
|
|
45 |
|
|
|
59 |
|
|
Solar energy systems, net (2) |
|
$ |
5,979 |
|
|
$ |
6,138 |
|
|
(1) |
Depreciation and amortization expense during the years ended December 31, 2020, 2019 and 2018 was $232 million, $227 million and $276 million, respectively. |
|
(2) |
As of December 31, 2020 and 2019, solar energy systems, net, included $36 million of gross finance leased assets with accumulated depreciation and amortization of $7 million and $6 million, respectively. |
|