| Schedule of Solar Energy Systems, Net |
Property and equipment is depreciated on a straight-line basis over the following periods: | | | | | | | | | | Leasehold improvements | | Lesser of 6 years or lease term | | Furniture | | 5 years | | Computer hardware and software | | 3 years | | Machinery and equipment | | 5 years or lease term | | Automobiles | | Lease term |
Solar energy systems, net consists of the following (in thousands): | | | | | | | | | | | | | | | | | December 31, | | | 2023 | | 2022 | Solar energy system equipment costs | | $ | 12,558,996 | | | $ | 10,529,852 | | | Inverters and batteries | | 1,845,580 | | | 1,384,776 | | Total solar energy systems | | 14,404,576 | | | 11,914,628 | | | Less: accumulated depreciation and amortization | | (2,165,171) | | | (1,682,296) | | | Add: construction-in-progress | | 789,466 | | | 756,029 | | Total solar energy systems, net | | $ | 13,028,871 | | | $ | 10,988,361 | |
Property and equipment, net consists of the following (in thousands): | | | | | | | | | | | | | | | | | December 31, | | | 2023 | | 2022 | Machinery and equipment | | $ | 17,216 | | | $ | 11,742 | | Leasehold improvements, furniture, and computer hardware | | 47,810 | | | 44,547 | | Vehicles | | 157,486 | | | 94,821 | | | Computer software | | 74,636 | | | 53,314 | | Total property and equipment | | 297,148 | | | 204,424 | | Less: Accumulated depreciation and amortization | | (148,009) | | | (136,985) | | | Total property and equipment, net | | $ | 149,139 | | | $ | 67,439 | |
|