Sunnova Energy International (NOVA) 10-Q 15 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 12, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-38995
Entity Registrant Name	Sunnova Energy International Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	30-1192746
Entity Address, Address Line One	20 East Greenway Plaza, Suite 475
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77046
City Area Code	281
Local Phone Number	985-9904
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	NOVA
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		84,026,290
Entity Central Index Key	0001772695
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash		$ 73,436	$ 83,485
Accounts receivable—trade, net		10,039	10,672
Accounts receivable—other		9,264	6,147
Other current assets, net of allowance of $567 and $112 as of March 31, 2020 and December 31, 2019, respectively		187,217	174,016
Total current assets		279,956	274,320
Property and equipment, net		1,884,576	1,745,060
Customer notes receivable, net of allowance of $11,569 and $979 as of March 31, 2020 and December 31, 2019, respectively		338,514	297,975
Other assets		179,134	169,712
Total assets	[1]	2,682,180	2,487,067
Current liabilities:
Accounts payable		59,657	36,190
Accrued expenses		15,158	39,544
Current portion of long-term debt		100,716	97,464
Other current liabilities		15,324	21,804
Total current liabilities		190,855	195,002
Long-term debt, net		1,511,555	1,346,419
Other long-term liabilities		145,323	127,406
Total liabilities	[1]	1,847,733	1,668,827
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests		242,427	172,305
Stockholders' equity:
Common stock		8	8
Additional paid-in capital—common stock		1,010,655	1,007,751
Accumulated deficit		(418,643)	(361,824)
Total stockholders' equity		592,020	645,935
Total liabilities, redeemable noncontrolling interests and stockholders' equity		$ 2,682,180	$ 2,487,067
[1]	The consolidated assets as of March 31, 2020 and December 31, 2019 include $1,038,771 and $790,211 , respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $7,641 and $7,347 as of March 31, 2020 and December 31, 2019 , respectively; accounts receivable—trade, net of $1,989 and $1,460 as of March 31, 2020 and December 31, 2019 , respectively; accounts receivable—other of $42 and $4 as of March 31, 2020 and December 31, 2019 , respectively; other current assets of $127,631 and $47,606 as of March 31, 2020 and December 31, 2019 , respectively; property and equipment, net of $893,123 and $726,415 as of March 31, 2020 and December 31, 2019 , respectively; and other assets of $8,345 and $7,379 as of March 31, 2020 and December 31, 2019 , respectively. The consolidated liabilities as of March 31, 2020 and December 31, 2019 include $16,046 and $13,440 , respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $1,972 and $1,926 as of March 31, 2020 and December 31, 2019 , respectively; accrued expenses of $111 and $35 as of March 31, 2020 and December 31, 2019 , respectively; other current liabilities of $1,137 and $612 as of March 31, 2020 and December 31, 2019 , respectively; and other long-term liabilities of $12,826 and $10,867 as of March 31, 2020 and December 31, 2019 , respectively.

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Other current asset, allowance		$ 567	$ 112
Customer notes receivable, allowance		$ 11,569	$ 979
Common stock, issued (in shares)		84,026,290	83,980,885
Common stock, par value (in USD per share)		$ 0.0001	$ 0.0001
Total assets	[1]	$ 2,682,180	$ 2,487,067
Cash		73,436	83,485
Accounts receivable—trade, net		10,039	10,672
Accounts receivable—other		9,264	6,147
Other current assets		187,217	174,016
Property and equipment, net		1,884,576	1,745,060
Other assets		179,134	169,712
Total liabilities	[1]	1,847,733	1,668,827
Accounts payable		59,657	36,190
Accrued expenses		15,158	39,544
Other current liabilities		15,324	21,804
Other long-term liabilities		145,323	127,406
Primary Beneficiary
Total assets		1,038,771	790,211
Cash		7,641	7,347
Accounts receivable—trade, net		1,989	1,460
Accounts receivable—other		42	4
Other current assets		127,631	47,606
Property and equipment, net		893,123	726,415
Other assets		8,345	7,379
Total liabilities		16,046	13,440
Accounts payable		1,972	1,926
Accrued expenses		111	35
Other current liabilities		1,137	612
Other long-term liabilities		$ 12,826	$ 10,867
[1]	The consolidated assets as of March 31, 2020 and December 31, 2019 include $1,038,771 and $790,211 , respectively, of assets of variable interest entities ("VIEs") that can only be used to settle obligations of the VIEs. These assets include cash of $7,641 and $7,347 as of March 31, 2020 and December 31, 2019 , respectively; accounts receivable—trade, net of $1,989 and $1,460 as of March 31, 2020 and December 31, 2019 , respectively; accounts receivable—other of $42 and $4 as of March 31, 2020 and December 31, 2019 , respectively; other current assets of $127,631 and $47,606 as of March 31, 2020 and December 31, 2019 , respectively; property and equipment, net of $893,123 and $726,415 as of March 31, 2020 and December 31, 2019 , respectively; and other assets of $8,345 and $7,379 as of March 31, 2020 and December 31, 2019 , respectively. The consolidated liabilities as of March 31, 2020 and December 31, 2019 include $16,046 and $13,440 , respectively, of liabilities of VIEs whose creditors have no recourse to Sunnova Energy International Inc. These liabilities include accounts payable of $1,972 and $1,926 as of March 31, 2020 and December 31, 2019 , respectively; accrued expenses of $111 and $35 as of March 31, 2020 and December 31, 2019 , respectively; other current liabilities of $1,137 and $612 as of March 31, 2020 and December 31, 2019 , respectively; and other long-term liabilities of $12,826 and $10,867 as of March 31, 2020 and December 31, 2019 , respectively.

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue	$ 29,829	$ 26,715
Operating expense:
Cost of revenue—depreciation	12,986	9,653
Cost of revenue—other	1,043	652
Operations and maintenance	2,219	2,254
General and administrative	27,893	18,681
Other operating income	(6)	(18)
Total operating expense, net	44,135	31,222
Operating loss	(14,306)	(4,507)
Interest expense, net	67,318	31,661
Interest expense, net—affiliates	0	1,822
Interest income	(4,620)	(2,494)
Loss before income tax	(77,004)	(35,496)
Income tax	0	0
Net loss	(77,004)	(35,496)
Net income (loss) attributable to redeemable noncontrolling interests	(5,929)	3,018
Net loss attributable to stockholders	(71,075)	(38,514)
Net loss attributable to common stockholders—basic	$ (71,075)	$ (50,717)
Net loss per share attributable to common stockholders—basic and diluted (in USD per share)	$ (0.85)	$ (5.87)
Weighted average common shares outstanding—basic and diluted (shares)	84,001,151	8,635,527
Series A convertible preferred stock
Operating expense:
Dividends earned on convertible preferred stock	$ 0	$ (9,511)
Series C convertible preferred stock
Operating expense:
Dividends earned on convertible preferred stock	$ 0	$ (2,692)

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (77,004)	$ (35,496)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	14,946	11,012
Impairment and loss on disposals, net	331	364
Amortization of deferred financing costs	3,494	6,324
Amortization of debt discount	4,663	472
Non-cash effect of equity-based compensation plans	2,690	281
Non-cash payment-in-kind interest on loan—affiliates	0	1,158
Unrealized loss on derivatives	7,596	7,032
Other non-cash items	3,424	1,000
Changes in components of operating assets and liabilities:
Accounts receivable	(2,755)	(1,167)
Other current assets	4,124	(8,961)
Other assets	(8,682)	(3,979)
Accounts payable	13,768	6,771
Accrued expenses	(17,227)	(4,455)
Other current liabilities	(6,446)	(2,206)
Other long-term liabilities	(1,034)	(2,580)
Net cash used in operating activities	(58,112)	(24,430)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(141,231)	(68,902)
Payments for investments and customer notes receivable	(50,448)	(27,732)
Proceeds from customer notes receivable	6,940	3,757
State utility rebates and tax credits	135	111
Other, net	289	86
Net cash used in investing activities	(184,315)	(92,680)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	583,681	227,930
Payments of long-term debt	(408,695)	(123,858)
Payments on notes payable	(2,398)	0
Payments of deferred financing costs	(10,619)	(5,281)
Payments of debt discounts	(229)	(525)
Proceeds from issuance of common stock, net	(41)	6
Proceeds from issuance of convertible preferred stock, net	0	(2,253)
Contributions from redeemable noncontrolling interests	102,342	18,030
Distributions to redeemable noncontrolling interests	(1,373)	(3,652)
Payments of costs related to redeemable noncontrolling interests	(1,295)	(1,035)
Other, net	(1)	(11)
Net cash provided by financing activities	261,372	109,351
Net increase (decrease) in cash and restricted cash	18,945	(7,759)
Cash and restricted cash at beginning of period	150,291	87,046
Cash and restricted cash at end of period	169,236	79,287
Restricted cash included in other current assets	(30,502)	(430)
Restricted cash included in other assets	(65,298)	(34,999)
Cash at end of period	73,436	43,858
Non-cash investing and financing activities:
Change in accounts payable and accrued expenses related to purchases of property and equipment	9,357	12,362
Supplemental cash flow information:
Cash paid for interest	25,369	17,333
Cash paid for income taxes	$ 0	$ 0

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Convertible Preferred StockSeries A Convertible Preferred Stock	Convertible Preferred StockSeries C Convertible Preferred Stock	Common Stock	Common StockSeries A Common Stock	Common StockSeries B Common Stock	Additional Paid-in Capital - Convertible Preferred Stock	Additional Paid-in Capital - Common Stock	Accumulated Deficit
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2018	$ 85,680
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss)	3,018
Contributions from redeemable noncontrolling interests	18,030
Distributions to redeemable noncontrolling interests	(3,652)
Costs related to redeemable noncontrolling interests	(1,562)
Equity in subsidiaries attributable to parent	(10,125)
Other, net	2,627
Redeemable noncontrolling interest, ending balance at Mar. 31, 2019	94,016
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2018		44,942,594	13,006,780		8,612,728	21,727
Stockholders' equity, beginning balance at Dec. 31, 2018	501,118	$ 449	$ 130		$ 86	$ 0	$ 701,326	$ 85,439	$ (286,312)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(38,514)								(38,514)
Issuance of stock, net (in shares)						2,143
Issuance of stock, net	4							4
Repurchase of convertible preferred stock (in shares)		(13,484)
Repurchase of convertible preferred stock	(191)						(183)		(8)
Equity in subsidiaries attributable to parent	10,125								10,125
Equity-based compensation expense	281							281
Other, net	491						493		(2)
Stockholders' equity, ending balance (in shares) at Mar. 31, 2019		44,929,110	13,006,780		8,612,728	23,870
Stockholders' equity, ending balance at Mar. 31, 2019	473,314	$ 449	$ 130		$ 86	$ 0	701,636	85,724	(314,711)
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2019	172,305
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss)	(5,929)
Contributions from redeemable noncontrolling interests	102,342
Distributions to redeemable noncontrolling interests	(1,373)
Costs related to redeemable noncontrolling interests	(707)
Equity in subsidiaries attributable to parent	(24,164)
Other, net	(47)
Redeemable noncontrolling interest, ending balance at Mar. 31, 2020	242,427
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2019				83,980,885
Stockholders' equity, beginning balance at Dec. 31, 2019	645,935			$ 8				1,007,751	(361,824)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(71,075)								(71,075)
Issuance of stock, net (in shares)				45,405
Issuance of stock, net	214							214
Equity in subsidiaries attributable to parent	24,164								24,164
Equity-based compensation expense	2,690							$ 2,690
Stockholders' equity, ending balance (in shares) at Mar. 31, 2020				84,026,290
Stockholders' equity, ending balance at Mar. 31, 2020	$ 592,020			$ 8			$ 1,010,655		$ (418,643)

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation We are a leading residential solar and energy storage service provider, serving more than 85,000 customers in more than 20 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 subsidiaries. We have a differentiated residential solar dealer model in which we partner with local dealers who originate, design and install our customers' solar energy systems and energy storage systems on our behalf. Our focus on our dealer model enables us to leverage our dealers' specialized knowledge, connections and experience in local markets to drive customer origination while providing our dealers with access to high quality products at competitive prices as well as technical oversight and expertise. We believe this structure provides operational flexibility , reduced exposure to labor shortages and lower fixed costs relative to our peers, furthering our competitive advantage. We provide our services through long-term residential solar service agreements with a diversified pool of high credit quality customers. Our solar service agreements typically are structured as either a legal-form lease (a "lease") of a solar energy 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 with financing provided by us (a "loan"). The initial term of our solar service agreements is typically either 10 or 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 renewal options. Customer payments and rates can be fixed for the duration of the solar service 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. Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements (" interim financial statements ") include our consolidated balance sheets, statements of operations, statements of redeemable noncontrolling interests and stockholders' 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. We have condensed or omitted certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP pursuant to the applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. As such, these interim financial statements should be read in conjunction with our 2019 annual audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K filed with the SEC on February 25, 2020 . Our interim financial statements reflect all normal recurring adjustments necessary, in our opinion, to state fairly our financial position and results of operations for the reported periods. Amounts reported for interim periods may not be indicative of a full year period because of seasonal fluctuations in demand for power, timing of maintenance and other expenditures, changes in interest expense and other factors. Our interim financial statements reflect our accounts and operations 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 ownership 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 controlling voting interests. ASC 810 requires a variable interest holder to consolidate a VIE if that party has (a) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses or the right to 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 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 ensure we continue to be the primary beneficiary. We have eliminated all intercompany accounts and transactions in consolidation. Adoption of ASU In June 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments—Credit Losses , which requires entities to use a forward-looking expected loss approach, referred to as the current expected credit loss ("CECL") methodology, in accordance with ASC 326, Financial Instruments—Credit Losses , instead of the incurred loss approach previously in effect when estimating the allowance for credit losses. Under CECL, financial assets measured at amortized cost are presented at the net amount expected to be collected by using an estimate of credit losses for the remaining estimated life of the financial asset based on historical experience, current conditions and reasonable and supportable forecasts. This ASU is effective for annual and interim reporting periods in 2020. In 2018 and 2019, the FASB issued the following ASUs related to ASU 2016-13: ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments—Credit Losses , ASU 2019-05, Financial Instruments—Credit Losses: Targeted Transition Relief and ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses . The supplemental ASUs must be adopted simultaneously with ASU 2016-13. We adopted this ASU in January 2020 using the modified retrospective approach for our trade accounts receivable, customer notes receivable and long-term receivable for leases, which resulted in a cumulative-effect adjustment to stockholders' equity of approximately $9.9 million . Results for reporting periods prior to 2020 continue to be presented in accordance with previously applicable GAAP while results for subsequent reporting periods are presented under ASC 326. See Note 2, Significant Accounting Policies , and Note 6, Customer Notes Receivable . The following table presents the impact of the adoption of ASU No. 2016-13 on the unaudited condensed consolidated balance sheet: As of January 1, 2020 As Reported Impact of ASC Pre-ASC 326 (in thousands) Accounts receivable—trade, net $ 10,912 $ 240 $ 10,672 Other current assets 173,565 (451 ) 174,016 Customer notes receivable 289,191 (8,784 ) 297,975 Other assets 168,799 (913 ) 169,712 Accumulated deficit (371,732 ) (9,908 ) (361,824 ) 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 interim financial statements . Coronavirus Disease ("COVID-19") Pandemic The ongoing COVID-19 pandemic has resulted in widespread adverse impacts on the global economy and on our employees, customers, dealers and other parties with whom we have business relations. Our first priority in our response to this pandemic has been the health and safety of our employees, customers and dealers. To that end, we quickly implemented preventative measures to minimize unnecessary risk of exposure and prevent infection. We have experienced some resulting disruptions to our business operations as the COVID-19 pandemic has continued to spread through most of the states and U.S. territories in which we operate. To adjust to federal social distancing guidelines, stay-at-home orders and similar government measures, our dealers have expanded the use of digital tools and origination channels and created new methods that offset restrictions on their ability to meet with potential new customers in-person in certain areas. The service and installation of solar energy systems continued during the COVID-19 pandemic. This reflects residential solar services' designation as an essential service in all of our service territories. In order to adhere to all applicable state and federal health and safety guidelines, we and our dealers have moved to a contact-free process for installers and service technicians. In addition, certain regulators and local utilities have begun accepting electronic submissions for permits and inspections are now being performed in many locations through video calls and other electronic means. Throughout the COVID-19 pandemic, we have seen minimal impact to our supply chain as our technicians and dealers have largely been able to successfully procure the equipment needed to service and install solar energy systems. We cannot predict the full impact the COVID-19 pandemic or the significant disruption and volatility currently being experienced in the capital markets will have on our business, cash flows, liquidity, financial condition and results of operations at this time due to numerous uncertainties. The ultimate impact will depend on future developments, including, among other things, the ultimate geographic spread and duration of the COVID-19 virus, the depth and duration of the economic downturn and other economic effects of the COVID-19 pandemic, the consequences of governmental and other measures designed to prevent the spread of the COVID-19 virus, actions taken by governmental authorities, customers, suppliers, dealers and other third parties, our ability and the ability of our customers, potential customers and dealers to adapt to operating in a changed environment and the timing and extent to which normal economic and operating conditions resume.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Included below are updates to significant accounting policies disclosed in our 2019 annual audited consolidated financial statements. Use of Estimates The application of GAAP in the preparation of the interim financial statements requires us to make estimates and assumptions that affect the amounts reported in the interim 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. Accounts Receivable Accounts Receivable — Trade. Accounts receivable — trade primarily represents trade receivables from residential customers under PPAs and leases 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. 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. As of March 31, 2020 , we have not experienced a significant increase in delinquent customer accounts and have not made any significant adjustments to our allowance for credit losses related to accounts receivable — trade as a result of the COVID-19 pandemic. The following table presents the changes in the allowance for credit losses recorded against accounts receivable — trade, net in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 960 $ 723 Impact of ASC 326 adoption (240 ) — Provision for current expected credit losses 402 — Bad debt expense — 292 Write off of uncollectible accounts (385 ) (301 ) Recoveries 9 27 Other, net 1 — Balance at end of period $ 747 $ 741 Accounts Receivable — Other. Accounts receivable — other primarily represents receivables related to the sale of inventory and amounts owed from dealers in a net receivable position primarily as a result of customer contract cancelations or settlement agreements. Inventory Inventory primarily represents energy storage systems, photovoltaic modules, inverters, meters and other associated equipment purchased and held for use as original parts on new solar energy systems or replacement parts on existing solar energy systems. We record inventory in other current assets in the consolidated balance sheets at the lower of cost and net realizable value. We remove these items from inventory using the weighted-average method and (a) expense to operations and maintenance expense when installed as a replacement part for a solar energy system or (b) capitalize to property and equipment when installed as an original part on a solar energy system. We evaluate our inventory reserves and write down the estimated value of excess and obsolete inventory based upon assumptions about future demand and market conditions. The following table presents the detail of inventory as recorded in other current assets in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Energy storage systems and components $ 34,021 $ 33,443 Modules and inverters 80,932 10,137 Meters 154 169 Total $ 115,107 $ 43,749 As of March 31, 2020 and December 31, 2019 , we recorded accrued expenses of $3.4 million and $15.2 million , respectively, for inventory purchases. 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 accounts receivable, notes receivable, accounts payable, accrued expenses, long-term debt and interest rate swaps. 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 fixed-rate long-term debt based on interest rates currently offered for debt with similar maturities and terms (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. The floating interest rate is based on observable rates consistent with the frequency of the interest cash flows (Level 2). See Note 6, Customer Notes Receivable , Note 7, Long-Term Debt and Note 8, Derivative Instruments . Derivative Instruments Our derivative instruments consist of interest rate swaps that are not designated as cash flow hedges or fair value hedges under accounting guidance. We use interest rate swaps 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 8, Derivative Instruments . Revenue The following table presents the detail of revenue as recorded in the unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) PPA revenue $ 12,633 $ 9,612 Lease revenue 11,542 9,638 Solar renewable energy certificate revenue 4,363 6,592 Loan revenue 599 371 Other revenue 692 502 Total $ 29,829 $ 26,715 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. 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 $1.2 billion as of March 31, 2020 , 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 solar service agreements have at least 20 years remaining , given the average age of the fleet of solar energy systems under contract is less than three years . 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 25 years with an opportunity for customers to renew for up to an additional 10 years , via two five -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 25 years with an opportunity for customers to renew for up to an additional 10 years , via two five -year renewal options. 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 relating 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 25 -year 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 in January following the end of the first three years of the solar energy system's placed in service date and then every annual period thereafter. See Note 13, Commitments and Contingencies . Solar Renewable Energy Certificates. Each solar renewable energy certificate ("SREC") represents one megawatt hour ( 1,000 kWh) generated by a solar energy system. SRECs can be sold with or without the actual electricity associated with 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 March 31, 2020 and December 31, 2019 . We enter into economic hedges related to expected production of SRECs through forward contracts. 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 limited to broker fees (recorded in cost of revenue—other), which are only paid in connection with certain transactions. Loans. See discussion of loan revenue in the "Loans" section below. Other Revenue. Other revenue includes certain state incentives, revenue from the direct sale of energy storage systems to customers and sales of service plans. We recognize revenue from state incentives in the periods in which they are earned. We recognize revenue from the direct sale of energy storage systems in the period in which the storage components are placed in service. Service plans are available to customers whose solar energy system was not originally sold by Sunnova. We recognize revenue from service plan contracts over the life of the contract, which is typically five years . Loans We offer a loan program, under which the customer finances the purchase of a solar energy system or energy storage system through a solar service agreement, typically for a term of 10 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 of the solar energy system or energy storage system; (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 of the solar energy system or energy storage system; 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 650 to 720 depending on certain circumstances, and we secure the loans with the solar energy systems or energy storage systems financed. The credit evaluation process is performed once for each customer at the time the customer is entering into the solar service agreement with us. Our investments in solar energy systems and energy storage systems 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, 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. As of March 31, 2020 , we have not experienced a significant increase in delinquent customer notes receivable and have not made any significant adjustments to our allowance for credit losses related to loans as a result of the COVID-19 pandemic. See Note 6, 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) down payments and partial or full prepayments from customers, (b) differences due to the timing of energy production versus billing for certain types of PPAs and (c) payments for unfulfilled performance obligations from the loan program which will be recognized over the remaining term of the respective solar service agreements. Deferred revenue was $34.0 million as of December 31, 2018 . The following table presents the detail of deferred revenue as recorded in other current liabilities and other long-term liabilities in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Loans $ 55,406 $ 46,958 PPAs and leases 10,151 8,895 SRECs 3,000 3,000 Total (1) $ 68,557 $ 58,853 (1) Of this amount, $2.9 million and $2.1 million is recorded in other current liabilities as of March 31, 2020 and December 31, 2019 , respectively. During the three months ended March 31, 2020 and 2019 , we recognized revenue of $997,000 and $653,000 , respectively, from amounts recorded in deferred revenue at the beginning of the respective years. 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 December 2019, the FASB issued ASU No. 2019-12, Income Taxes: Simplifying the Accounting for Income Taxes , to remove certain exceptions and clarify and amend the existing guidance. This ASU is effective for annual and interim reporting periods in 2021. We have not yet determined the potential impact of this ASU on our consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-03, Codification Improvements to Financial Instruments , to clarify and amend the existing guidance. The amendments in this ASU are effective either upon issuance of this ASU or for annual and interim reporting periods in 2020. We adopted this ASU in January 2020 and determined it did not have a significant impact on our consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting , to provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform. This ASU is effective from March 2020 through December 2022. We have not yet determined the potential impact of this ASU on our consolidated financial statements and related disclosures.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table presents the detail of property and equipment, net as recorded in the unaudited condensed consolidated balance sheets: Useful Lives As of As of (in years) (in thousands) Solar energy systems 35 $ 1,836,111 $ 1,689,457 Construction in progress 148,412 143,449 Asset retirement obligations 30 29,021 26,967 Information technology systems 3 28,495 28,320 Computers and equipment 3-5 1,644 1,499 Leasehold improvements 3-6 1,314 1,014 Furniture and fixtures 7 811 735 Vehicles 4-5 1,636 1,632 Other 5-6 157 146 Property and equipment, gross 2,047,601 1,893,219 Less: accumulated depreciation (163,025 ) (148,159 ) Property and equipment, net $ 1,884,576 $ 1,745,060 Solar Energy Systems. The amounts included in the above table for solar energy systems and substantially all the construction in progress relate to our customer contracts (including PPAs and leases). These assets had accumulated depreciation of $143.8 million and $130.9 million as of March 31, 2020 and December 31, 2019 , respectively.

Detail of Certain Balance Sheet

Detail of Certain Balance Sheet Captions	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Detail of Certain Balance Sheet Captions	Detail of Certain Balance Sheet Captions The following table presents the detail of other current assets as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Prepaid inventory $ 17,100 $ 96,167 Inventory 115,107 43,749 Current portion of customer notes receivable 15,170 13,758 Other prepaid assets 7,123 7,380 Current portion of other notes receivable 947 982 Deferred receivables 1,222 1,506 Restricted cash 30,502 10,474 Other 46 — Total $ 187,217 $ 174,016 The following table presents the detail of other current liabilities as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Interest payable $ 8,978 $ 14,680 Current portion of performance guarantee obligations 2,502 4,067 Current portion of lease liability 924 561 Deferred revenue 2,893 2,086 Other 27 410 Total $ 15,324 $ 21,804 The following table presents the detail of other assets as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Restricted cash $ 65,298 $ 56,332 Construction in progress - customer notes receivable 33,903 37,137 Exclusivity and other bonus arrangements with dealers, net 37,273 32,791 Straight-line revenue adjustment 26,183 24,852 Other 16,477 18,600 Total $ 179,134 $ 169,712

Asset Retirement Obligations (A

Asset Retirement Obligations (ARO)	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations (ARO)	Asset Retirement Obligations ("ARO") 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 unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 31,053 $ 20,033 Additional obligations incurred 2,067 786 Accretion expense 489 313 Other (15 ) (9 ) Balance at end of period $ 33,594 $ 21,123

Customer Notes Receivable

Customer Notes Receivable	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Customer Notes Receivable	Customer Notes Receivable We offer a loan program, under which the customer finances the purchase of a solar energy system or energy storage system through a solar service agreement, typically for a term of 10 or 25 years . The following table presents the detail of customer notes receivable as recorded in the unaudited condensed consolidated balance sheets and the corresponding fair values: As of As of (in thousands) Customer notes receivable $ 365,820 $ 312,823 Allowance for credit losses (12,136 ) (1,091 ) Customer notes receivable, net (1) $ 353,684 $ 311,732 Estimated fair value, net $ 357,032 $ 314,222 (1) Of this amount, $15.2 million and $13.8 million is recorded in other current assets as of March 31, 2020 and December 31, 2019 , respectively. The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 1,091 $ 710 Impact of ASC 326 adoption 9,235 — Provision for current expected credit losses (1) 1,811 — Bad debt expense — 111 Write off of uncollectible accounts — (39 ) Other, net (1 ) (24 ) Balance at end of period $ 12,136 $ 758 (1) In addition, we recognized $53,000 of provision for current expected credit losses during the three months ended March 31, 2020 related to our long-term receivables for our leases. As of March 31, 2020 and December 31, 2019 , we invested $33.9 million and $37.1 million , respectively, in loan solar energy systems and energy storage systems not yet placed in service. For the three months ended March 31, 2020 and 2019 , interest income related to our customer notes receivable was $4.4 million and $2.3 million , respectively. As of March 31, 2020 and December 31, 2019 , accrued interest receivable related to our customer notes receivable was $975,000 and $869,000 , respectively. As of March 31, 2020 and December 31, 2019 , there were no customer notes receivable not accruing interest and thus, there is no allowance recorded for loans on nonaccrual status. For the three months ended March 31, 2020 and 2019 , interest income of $0 was recognized for loans on nonaccrual status and accrued interest receivable of $0 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 March 31, 2020 : As of As of (in thousands) 1-90 days past due $ 6,120 $ 5,741 91-180 days past due 1,719 1,714 Greater than 180 days past due 2,044 1,206 Total past due 9,883 8,661 Not past due 355,937 304,162 Total $ 365,820 $ 312,823 As of March 31, 2020 and December 31, 2019 , the amortized cost of our customer notes receivable more than 90 days past due but not on nonaccrual status was $3.8 million and $2.9 million , respectively. The following table presents the amortized cost of our customer notes receivable based on payment activity. Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Total (in thousands) Payment performance: Performing $ 58,936 $ 147,020 $ 91,375 $ 33,815 $ 21,515 $ 11,115 $ 363,776 Nonperforming (1) — 324 675 794 161 90 $ 2,044 Total $ 58,936 $ 147,344 $ 92,050 $ 34,609 $ 21,676 $ 11,205 $ 365,820 (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 180 days or more.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our subsidiaries with long-term debt include SEI, Sunnova Energy Corporation, Sunnova Asset Portfolio 4, LLC ("AP4"), Helios Issuer, LLC ("HELI"), Sunnova LAP Holdings, LLC ("LAPH"), Sunnova EZ-Own Portfolio, LLC ("EZOP"), Sunnova TEP II Holdings, LLC ("TEPIIH"), Helios II Issuer, LLC ("HELII"), Sunnova RAYS I Issuer, LLC ("RAYSI"), Helios III Issuer, LLC ("HELIII"), Sunnova TEP Holdings, LLC ("TEPH"), Sunnova TEP Inventory, LLC ("TEPINV") and Sunnova Sol Issuer, LLC ("SOLI"). The following table presents the detail of long-term debt, net as recorded in the unaudited condensed consolidated balance sheets: Three Months Ended As of March 31, 2020 Year Ended As of December 31, 2019 Long-term Current Long-term Current (in thousands, except interest rates) SEI 7.75% convertible senior notes 13.26 % $ 55,000 $ — 7.75 % $ 55,000 $ — Debt discount, net (16,171 ) — (16,913 ) — Deferred financing costs, net (562 ) — (480 ) — Sunnova Energy Corporation Notes payable 10.16 % — 30 3.22 % — 2,428 AP4 Secured term loan 10.81 % — — 5.61 % 86,369 6,109 Debt discount, net — — (452 ) — Deferred financing costs, net — — (196 ) — HELI Solar asset-backed notes 6.58 % 210,684 6,736 6.56 % 213,632 8,673 Debt discount, net (2,940 ) — (3,169 ) — Deferred financing costs, net (5,176 ) — (5,586 ) — LAPH Secured term loan 12.07 % 10,388 355 7.71 % 41,484 1,392 Debt discount, net (189 ) — (401 ) — Deferred financing costs, net (152 ) — (356 ) — EZOP Warehouse credit facility 5.00 % 168,450 — 6.60 % 121,400 — Debt discount, net (1,991 ) — (2,178 ) — TEPIIH Revolving credit facility 19.47 % — — 6.36 % 234,650 — Debt discount, net — — (2,219 ) — HELII Solar asset-backed notes 5.68 % 233,064 11,850 5.77 % 241,309 13,005 Debt discount, net (47 ) — (49 ) — Deferred financing costs, net (5,668 ) — (5,873 ) — RAYSI Solar asset-backed notes 5.53 % 124,339 6,207 5.47 % 126,828 6,327 Debt discount, net (1,501 ) — (1,547 ) — Deferred financing costs, net (4,656 ) — (4,759 ) — HELIII Solar loan-backed notes 3.99 % 131,372 17,687 4.03 % 135,543 19,030 Debt discount, net (2,506 ) — (2,532 ) — Deferred financing costs, net (2,386 ) — (2,410 ) — TEPH Revolving credit facility 5.68 % 193,950 — 6.70 % 90,325 — Debt discount, net (1,006 ) — (645 ) — TEPINV Revolving credit facility 10.30 % 44,040 45,120 7.95 % 54,707 40,500 Debt discount, net (2,526 ) — (2,856 ) — Deferred financing costs, net (2,207 ) — (2,207 ) — SOLI Solar asset-backed notes 3.64 % 399,769 12,731 — — Debt discount, net (124 ) — — — Deferred financing costs, net (9,693 ) — — — Total $ 1,511,555 $ 100,716 $ 1,346,419 $ 97,464 Availability. As of March 31, 2020 , we had $43.6 million of available borrowing capacity under our various financing arrangements, consisting of $31.6 million under the EZOP warehouse credit facility, $6.1 million under the TEPH revolving credit facility and $6.0 million under the TEPINV revolving credit facility. There was no available borrowing capacity under any of our other financing arrangements. As of March 31, 2020 , 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. 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% , 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 a liquidity reserve account, a tax loss insurance proceeds account and a supplemental reserve account 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 creditors of SOLI have no recourse to our other assets except as expressly set forth in the SOLI Notes. AP4 Debt, TEPIIH Debt and LAPH Debt . In February 2020 , the aggregate outstanding principal amounts under the AP4 financing agreement and TEPIIH revolving credit facility of $92.0 million and $226.6 million , respectively, were fully repaid using proceeds from the SOLI Notes, all related interest rate swaps were unwound and the debt facilities were terminated. In addition, proceeds from the SOLI Notes were used to repay $32.0 million of LAPH debt. TEPH Debt . In March 2020 , we amended the TEPH revolving credit facility to, among other things, (a) increase the maximum facility amount to $400.0 million , with all of the increased amount coming from Class A lenders on an uncommitted basis, (b) increase both the Class A and Class B interest rates by 0.40% and (c) modify the borrowing base calculation to shift a portion of the borrowing base from Class B to Class A lenders. Fair Values of Long-Term Debt . The fair values of our long-term debt and the corresponding carrying amounts are as follows: As of March 31, 2020 As of December 31, 2019 Carrying Estimated Carrying Estimated (in thousands) SEI 7.75% convertible senior notes $ 55,000 $ 31,408 $ 55,000 $ 37,964 Sunnova Energy Corporation notes payable 30 30 2,428 2,428 AP4 secured term loan — — 92,478 92,478 HELI solar asset-backed notes 217,420 228,905 222,305 223,895 LAPH secured term loan 10,743 10,743 42,876 42,876 EZOP warehouse credit facility 168,450 168,450 121,400 121,400 TEPIIH revolving credit facility — — 234,650 234,650 HELII solar asset-backed notes 244,914 299,601 254,314 281,850 RAYSI solar asset-backed notes 130,546 155,092 133,155 139,004 HELIII solar loan-backed notes 149,059 168,524 154,573 155,701 TEPH revolving credit facility 193,950 193,950 90,325 90,325 TEPINV revolving credit facility 89,160 89,160 95,207 95,207 SOLI solar asset-backed notes 412,500 444,509 — — Total (1) $ 1,671,772 $ 1,790,372 $ 1,498,711 $ 1,517,778 (1) Amounts exclude the net deferred financing costs and net debt discounts of $59.5 million and $54.8 million as of March 31, 2020 and December 31, 2019 , respectively. For the AP4 and TEPIIH debt as of December 31, 2019 and for the LAPH, EZOP, TEPH and TEPINV debt as of March 31, 2020 and December 31, 2019 , the estimated fair values approximate the carrying amounts due primarily to the variable nature of the interest rates of the underlying instruments. For the notes payable, the estimated fair value as of March 31, 2020 and December 31, 2019 approximates the carrying amount due primarily to the short-term nature of the instruments. For the SOLI debt as of March 31, 2020 and for the 7.75% convertible senior notes, HELI, HELII, RAYSI and HELIII debt as of March 31, 2020 and December 31, 2019 , we determined the estimated fair values based on a yield analysis of similar type debt.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Interest Rate Swaps on AP4 Debt . In February 2020 , all AP4 interest rate swaps were unwound in connection with the termination of the AP4 financing agreement. See Note 7, Long-Term Debt . Interest Rate Swaps on TEPIIH Debt . In February 2020 , all TEPIIH interest rate swaps were unwound in connection with the termination of the TEPIIH revolving credit facility. See Note 7, Long-Term Debt . The following table presents a summary of the outstanding derivative instruments: As of March 31, 2020 As of December 31, 2019 Effective Termination Fixed Aggregate Effective Termination Fixed Aggregate (in thousands, except interest rates) AP4 —% $ — March 2018 July 2020 2.338% $ 99,762 LAPH November 2018 October 2036 3.409% 10,692 November 2018 October 2036 3.409% 43,298 EZOP June 2019 - July 2029 - 1.631% - 121,756 June 2019 - July 2029 - 1.631% - 100,083 TEPIIH —% — September 2018 - July 2031 - 1.909% - 225,845 TEPH September 2019 - January 2023 - 0.912% - 147,658 September 2019 January 2023 1.620% - 55,115 TEPINV December 2019 December 2022 2.500% 88,935 —% — Total $ 369,041 $ 524,103 The following table presents the fair value of the interest rate swaps as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Other assets $ 1 $ 360 Other current liabilities — (397 ) Other long-term liabilities (34,771 ) (27,092 ) Total, net $ (34,770 ) $ (27,129 ) We did not designate the interest rate swaps 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 as recorded in the unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) Realized loss $ 31,898 $ 3,584 Unrealized loss 7,596 7,032 Total $ 39,494 $ 10,616

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective income tax rate is 0% for the three months ended March 31, 2020 and 2019 . 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. 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. Accordingly, we recorded no reserve for uncertain tax positions. 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 March 31, 2020 and December 31, 2019 and we do not expect a significant change in gross unrecognized tax benefits in the next twelve months. Our tax years 2012 through 2018 remain subject to examination by the Internal Revenue Service and the states and territories in which we operate. In March 2020, the U.S. enacted the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"), featuring significant tax provisions and relief measures to assist individuals and businesses impacted by the economic effects of the COVID-19 pandemic. Relief measures intended to aid businesses in employee retention include payroll tax relief and a refundable tax credit for employers who retain employees during the COVID-19 pandemic. In addition, among other things, the CARES Act establishes (a) a five-year carryback of net operating losses generated in 2018, 2019 and 2020, (b) a temporary suspension of the 80% limitation on the use of net operating losses in 2018, 2019 and 2020 and (c) an increase to the adjusted taxable income limitation from 30% to 50% for business interest deductions under Section 163(j) of the U.S. Internal Revenue Code of 1986, as amended, for 2019 and 2020. We have historically maintained, and continue to maintain, a full valuation allowance against deferred tax assets. Due to our aggregate amount of net operating losses, we cannot utilize the carryback or limitation suspension provisions pertaining to the usage of net operating losses. However, the increase to the adjusted taxable income limitation for business interest deductions will result in a decrease to our deferred tax assets for unused business interest deductions and an offsetting increase to our net operating loss carryforward. The CARES Act does not have any impact on our valuation allowance.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	3 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests In February 2020 , we admitted a tax equity investor as the Class A member of Sunnova TEP IV-C, LLC ("TEPIVC"), a subsidiary of Sunnova TEP IV-C Manager, LLC, which is the Class B member of TEPIVC. The Class A member of TEPIVC made a total capital commitment of $75.0 million . The carrying values of the redeemable noncontrolling interests were equal to or greater than the redemption values as of March 31, 2020 and December 31, 2019 , with the exception of Sunnova TEP IV-A, LLC, Sunnova TEP IV-B, LLC and TEPIVC, for which we are not required to carry a redemption value.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Stock Options The following table summarizes stock option activity: Number Weighted Weighted Weighted Aggregate (in thousands) Outstanding, December 31, 2019 4,304,309 $ 15.86 7.08 $ 242 Exercised (25,245 ) $ 12.34 $ 2 Forfeited (102,869 ) $ 19.01 $ 3.55 Outstanding, March 31, 2020 4,176,195 $ 15.81 6.80 $ 212 Exercisable, March 31, 2020 3,518,154 $ 15.83 6.60 $ 212 Vested and expected to vest, March 31, 2020 4,176,195 $ 15.81 6.80 $ 212 Non-vested, March 31, 2020 658,041 $ 3.74 The number of stock options that vested during the three months ended March 31, 2020 and 2019 was 265,207 and 513,998 , respectively. The grant date fair value of stock options that vested during the three months ended March 31, 2020 and 2019 was $791,000 and $1.5 million , respectively. As of March 31, 2020 , there was $628,000 of total unrecognized compensation expense related to stock options, which is expected to be recognized over the weighted average period of 0.17 years . Restricted Stock Units The following table summarizes restricted stock unit activity: Number of Weighted Outstanding, December 31, 2019 1,426,139 $ 11.93 Granted 1,080,528 $ 11.49 Vested (27,083 ) $ 12.00 Outstanding, March 31, 2020 2,479,584 $ 11.74 The number of restricted stock units that vested during the three months ended March 31, 2020 was 27,083 . The grant date fair value of restricted stock units that vested during the three months ended March 31, 2020 was $325,000 . As of March 31, 2020 , there was $24.8 million of total unrecognized compensation expense related to restricted stock units, which is expected to be recognized over the weighted average period of 1.93 years .

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Share	Basic and Diluted Net Loss Per Share The following table sets forth the computation of our basic and diluted net loss per share: Three Months Ended 2020 2019 (in thousands, except share and per share amounts) Net loss attributable to stockholders $ (71,075 ) $ (38,514 ) Dividends earned on Series A convertible preferred stock — (9,511 ) Dividends earned on Series C convertible preferred stock — (2,692 ) Net loss attributable to common stockholders—basic and diluted $ (71,075 ) $ (50,717 ) Net loss per share attributable to common stockholders—basic and diluted $ (0.85 ) $ (5.87 ) Weighted average common shares outstanding—basic and diluted 84,001,151 8,635,527 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: Three Months Ended 2020 2019 Equity-based compensation awards 5,872,563 4,471,009 Convertible preferred stock — 59,146,676 Convertible senior notes 4,230,768 —

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal. We are a party to a number of lawsuits, claims and governmental proceedings which 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 March 31, 2020 , we recorded $3.3 million relating to our guarantee of certain specified minimum solar energy production output under our leases and loans, of which we include $2.5 million in other current liabilities and $805,000 in other long-term liabilities in the unaudited condensed consolidated balance sheet. As of December 31, 2019 , we recorded $6.5 million relating to these guarantees, of which $4.1 million is recorded in other current liabilities and $2.4 million is recorded in other long-term liabilities in the unaudited condensed consolidated balance sheet. The changes in our aggregate performance guarantee obligations are as follows: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 6,468 $ 6,044 Accruals for obligations issued 683 527 Settlements made in cash (3,844 ) (2,545 ) Balance at end of period $ 3,307 $ 4,026 Operating and Finance Leases . We lease real estate and certain office equipment under operating leases and certain other office equipment under finance leases. The following table presents the detail of lease expense and lease income as recorded in general and administrative expense and other operating expense (income), respectively, in the unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) Operating lease expense $ 336 $ 300 Finance lease amortization expense 2 2 Short-term lease expense 16 11 Variable lease expense 7 211 Sublease income — (18 ) Total $ 361 $ 506 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 unaudited condensed consolidated balance sheets: As of As of (in thousands) Right-of-use assets: Operating leases $ 9,434 $ 9,668 Finance leases 3 5 Total right-of-use assets $ 9,437 $ 9,673 Current lease liabilities: Operating leases $ 920 $ 556 Finance leases 4 5 Long-term leases liabilities Operating leases 9,113 9,389 Total lease liabilities $ 10,037 $ 9,950 Other information related to leases was as follows: Three Months Ended 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 11 $ 275 Financing cash flows from finance leases 1 3 Right-of-use assets obtained in exchange for lease obligations: Operating leases — 755 Finance leases — 13 As of March 31, 2020 2019 Weighted average remaining lease term (years): Operating leases 9.17 3.24 Finance leases 0.25 1.39 Weighted average discount rate: Operating leases 3.94 % 4.56 % Finance leases 4.26 % 4.25 % Future minimum lease payments under our non-cancelable leases as of March 31, 2020 were as follows: Operating Finance (in thousands) Remaining 2020 $ 1,010 $ 4 2021 1,536 — 2022 1,559 — 2023 1,594 — 2024 1,616 — 2025 and thereafter 7,617 — Total 14,932 4 Amount representing interest (2,488 ) — Amount representing leasehold incentives (2,411 ) — Present value of future payments 10,033 4 Current portion of lease liability (920 ) (4 ) Long-term portion of lease liability $ 9,113 $ — Letters of Credit . In connection with various security arrangements for an office lease and merchant banking activities, we have letters of credit outstanding of $550,000 and $725,000 as of March 31, 2020 and December 31, 2019 , respectively. The letters of credit are cash collateralized for the same amount or a lesser amount and this cash is classified as restricted cash. 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. We do not expect to make any material payments under these agreements. Dealer Commitments. As of March 31, 2020 , the net unamortized balance of payments to dealers for exclusivity and other similar arrangements was $37.3 million . Under these agreements, we paid $5.3 million and $2.0 million during the three months ended March 31, 2020 and 2019 , respectively, and 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 (in thousands) Remaining 2020 $ 23,220 2021 28,200 2022 29,058 2023 4,886 2024 3,682 2025 and thereafter — Total $ 89,046 Purchase Commitments. In August 2019, we amended an agreement with a supplier in which we agreed to purchase a minimum amount of energy storage systems and components for five years. These purchases are recorded to inventory in other current assets in the consolidated balance sheets. Under this agreement, we could be obligated to make minimum purchases as follows: Purchase (in thousands) Remaining 2020 $ 6,846 2021 27,359 2022 27,243 2023 27,053 2024 20,152 2025 and thereafter — Total $ 108,653 Information Technology Commitments. We have certain long-term contractual commitments related to information technology software services and licenses. Future commitments as of March 31, 2020 were as follows: Information (in thousands) Remaining 2020 $ 2,889 2021 3,325 2022 37 2023 26 2024 26 2025 and thereafter 7 Total $ 6,310

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Paycheck Protection Program ("PPP") . In April 2020 , we applied for and received a loan under the PPP established as part of the CARES Act. Although we believe we qualified for the PPP loan and made the required certifications in good faith at the time of the loan application and receipt of funds, due to the uncertainty caused by changing guidance and statements from the U.S. Department of Treasury and the U.S. Small Business Administration, we repaid the loan in full in May 2020 . SEI Convertible Senior Notes . In May 2020 , we issued and sold an aggregate principal amount of $130.0 million of our 9.75% convertible senior notes (" 9.75% convertible senior notes") in a private placement at an issue price of 95% , for an aggregate purchase price of $123.5 million . The 9.75% convertible senior notes mature in April 2025 unless earlier redeemed, repurchased or converted. We granted the investors of the 9.75% convertible senior notes an option to purchase up to an additional $60.0 million aggregate principal amount of 9.75% convertible senior notes on the same terms and conditions, which such option will expire in June 2020 . In addition, we exchanged all $55.0 million aggregate principal amount outstanding of our 7.75% convertible senior notes for an equal principal amount of our 9.75% convertible senior notes. TEPH Debt . In May 2020 , we amended the TEPH revolving credit facility to, among other things, (a) increase the aggregate commitment amount from $200.0 million to $390.0 million and (b) increase the unused line fee on such committed amounts. Redeemable Noncontrolling Interests . In May 2020 , we admitted a tax equity investor as the Class A member of Sunnova TEP IV-D, LLC ("TEPIVD"), a subsidiary of Sunnova TEP IV-D Manager, LLC, which is the Class B member of TEPIVD. The Class A member of TEPIVD made a total capital commitment of $75.0 million .

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements (" interim financial statements ") include our consolidated balance sheets, statements of operations, statements of redeemable noncontrolling interests and stockholders' 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. We have condensed or omitted certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP pursuant to the applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. As such, these interim financial statements should be read in conjunction with our 2019 annual audited consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K filed with the SEC on February 25, 2020 . Our interim financial statements reflect all normal recurring adjustments necessary, in our opinion, to state fairly our financial position and results of operations for the reported periods. Amounts reported for interim periods may not be indicative of a full year period because of seasonal fluctuations in demand for power, timing of maintenance and other expenditures, changes in interest expense and other factors. Our interim financial statements reflect our accounts and operations 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 ownership 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 controlling voting interests. ASC 810 requires a variable interest holder to consolidate a VIE if that party has (a) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses or the right to 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 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 ensure we continue to be the primary beneficiary. We have eliminated all intercompany accounts and 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 interim financial statements .
Use of Estimates	Use of Estimates The application of GAAP in the preparation of the interim financial statements requires us to make estimates and assumptions that affect the amounts reported in the interim 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.
Accounts Receivable	Accounts Receivable — Other. Accounts receivable — other primarily represents receivables related to the sale of inventory and amounts owed from dealers in a net receivable position primarily as a result of customer contract cancelations or settlement agreements. Accounts Receivable Accounts Receivable — Trade. Accounts receivable — trade primarily represents trade receivables from residential customers under PPAs and leases that are generally collected in the subsequent month. Accounts receivable —
Inventory	Inventory Inventory primarily represents energy storage systems, photovoltaic modules, inverters, meters and other associated equipment purchased and held for use as original parts on new solar energy systems or replacement parts on existing solar energy systems. We record inventory in other current assets in the consolidated balance sheets at the lower of cost and net realizable value. We remove these items from inventory using the weighted-average method and (a) expense to operations and
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 accounts receivable, notes receivable, accounts payable, accrued expenses, long-term debt and interest rate swaps. 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 fixed-rate long-term debt based on interest rates currently offered for debt with similar maturities and terms (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. The floating interest rate is based on observable rates consistent with the frequency of the interest cash flows (Level 2). See Note 6, Customer Notes Receivable , Note 7, Long-Term Debt and Note 8, Derivative Instruments .
Derivative Instruments	Derivative Instruments Our derivative instruments consist of interest rate swaps that are not designated as cash flow hedges or fair value hedges under accounting guidance. We use interest rate swaps 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 8, Derivative Instruments .
Revenue / Loans / Deferred 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. 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 $1.2 billion as of March 31, 2020 , 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 solar service agreements have at least 20 years remaining , given the average age of the fleet of solar energy systems under contract is less than three years . 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 25 years with an opportunity for customers to renew for up to an additional 10 years , via two five -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 25 years with an opportunity for customers to renew for up to an additional 10 years , via two five -year renewal options. 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 relating 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 25 -year 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 in January following the end of the first three years of the solar energy system's placed in service date and then every annual period thereafter. See Note 13, Commitments and Contingencies . Solar Renewable Energy Certificates. Each solar renewable energy certificate ("SREC") represents one megawatt hour ( 1,000 kWh) generated by a solar energy system. SRECs can be sold with or without the actual electricity associated with 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 March 31, 2020 and December 31, 2019 . We enter into economic hedges related to expected production of SRECs through forward contracts. 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 limited to broker fees (recorded in cost of revenue—other), which are only paid in connection with certain transactions. Loans. See discussion of loan revenue in the "Loans" section below. Other Revenue. Other revenue includes certain state incentives, revenue from the direct sale of energy storage systems to customers and sales of service plans. We recognize revenue from state incentives in the periods in which they are earned. We recognize revenue from the direct sale of energy storage systems in the period in which the storage components are placed in service. Service plans are available to customers whose solar energy system was not originally sold by Sunnova. We recognize revenue from service plan contracts over the life of the contract, which is typically five years . Loans We offer a loan program, under which the customer finances the purchase of a solar energy system or energy storage system through a solar service agreement, typically for a term of 10 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 of the solar energy system or energy storage system; (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 of the solar energy system or energy storage system; 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 650 to 720 depending on certain circumstances, and we secure the loans with the solar energy systems or energy storage systems financed. The credit evaluation process is performed once for each customer at the time the customer is entering into the solar service agreement with us. Our investments in solar energy systems and energy storage systems 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, 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. As of March 31, 2020 , we have not experienced a significant increase in delinquent customer notes receivable and have not made any significant adjustments to our allowance for credit losses related to loans as a result of the COVID-19 pandemic. See Note 6, Customer Notes Receivable . Deferred Revenue Revenue
New Accounting Guidance	Adoption of ASU In June 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments—Credit Losses , which requires entities to use a forward-looking expected loss approach, referred to as the current expected credit loss ("CECL") methodology, in accordance with ASC 326, Financial Instruments—Credit Losses , instead of the incurred loss approach previously in effect when estimating the allowance for credit losses. Under CECL, financial assets measured at amortized cost are presented at the net amount expected to be collected by using an estimate of credit losses for the remaining estimated life of the financial asset based on historical experience, current conditions and reasonable and supportable forecasts. This ASU is effective for annual and interim reporting periods in 2020. In 2018 and 2019, the FASB issued the following ASUs related to ASU 2016-13: ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments—Credit Losses , ASU 2019-05, Financial Instruments—Credit Losses: Targeted Transition Relief and ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses . The supplemental ASUs must be adopted simultaneously with ASU 2016-13. We adopted this ASU in January 2020 using the modified retrospective approach for our trade accounts receivable, customer notes receivable and long-term receivable for leases, which resulted in a cumulative-effect adjustment to stockholders' equity of approximately $9.9 million 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 December 2019, the FASB issued ASU No. 2019-12, Income Taxes: Simplifying the Accounting for Income Taxes , to remove certain exceptions and clarify and amend the existing guidance. This ASU is effective for annual and interim reporting periods in 2021. We have not yet determined the potential impact of this ASU on our consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-03, Codification Improvements to Financial Instruments , to clarify and amend the existing guidance. The amendments in this ASU are effective either upon issuance of this ASU or for annual and interim reporting periods in 2020. We adopted this ASU in January 2020 and determined it did not have a significant impact on our consolidated financial statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting , to provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform. This ASU is effective from March 2020 through December 2022. We have not yet determined the potential impact of this ASU on our consolidated financial statements and related disclosures.

Description of Business and B_2

Description of Business and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table presents the impact of the adoption of ASU No. 2016-13 on the unaudited condensed consolidated balance sheet: As of January 1, 2020 As Reported Impact of ASC Pre-ASC 326 (in thousands) Accounts receivable—trade, net $ 10,912 $ 240 $ 10,672 Other current assets 173,565 (451 ) 174,016 Customer notes receivable 289,191 (8,784 ) 297,975 Other assets 168,799 (913 ) 169,712 Accumulated deficit (371,732 ) (9,908 ) (361,824 )

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Changes in the Allowance for Doubtful Accounts	The following table presents the changes in the allowance for credit losses recorded against accounts receivable — trade, net in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 960 $ 723 Impact of ASC 326 adoption (240 ) — Provision for current expected credit losses 402 — Bad debt expense — 292 Write off of uncollectible accounts (385 ) (301 ) Recoveries 9 27 Other, net 1 — Balance at end of period $ 747 $ 741 The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 1,091 $ 710 Impact of ASC 326 adoption 9,235 — Provision for current expected credit losses (1) 1,811 — Bad debt expense — 111 Write off of uncollectible accounts — (39 ) Other, net (1 ) (24 ) Balance at end of period $ 12,136 $ 758 (1) In addition, we recognized $53,000 of provision for current expected credit losses during the three months ended March 31, 2020 related to our long-term receivables for our leases.
Schedule of Inventory	The following table presents the detail of inventory as recorded in other current assets in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Energy storage systems and components $ 34,021 $ 33,443 Modules and inverters 80,932 10,137 Meters 154 169 Total $ 115,107 $ 43,749
Disaggregation of Revenue	The following table presents the detail of revenue as recorded in the unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) PPA revenue $ 12,633 $ 9,612 Lease revenue 11,542 9,638 Solar renewable energy certificate revenue 4,363 6,592 Loan revenue 599 371 Other revenue 692 502 Total $ 29,829 $ 26,715
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 unaudited condensed consolidated balance sheets: As of As of (in thousands) Loans $ 55,406 $ 46,958 PPAs and leases 10,151 8,895 SRECs 3,000 3,000 Total (1) $ 68,557 $ 58,853 (1) Of this amount, $2.9 million and $2.1 million is recorded in other current liabilities as of March 31, 2020 and December 31, 2019 , respectively.

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	The following table presents the detail of property and equipment, net as recorded in the unaudited condensed consolidated balance sheets: Useful Lives As of As of (in years) (in thousands) Solar energy systems 35 $ 1,836,111 $ 1,689,457 Construction in progress 148,412 143,449 Asset retirement obligations 30 29,021 26,967 Information technology systems 3 28,495 28,320 Computers and equipment 3-5 1,644 1,499 Leasehold improvements 3-6 1,314 1,014 Furniture and fixtures 7 811 735 Vehicles 4-5 1,636 1,632 Other 5-6 157 146 Property and equipment, gross 2,047,601 1,893,219 Less: accumulated depreciation (163,025 ) (148,159 ) Property and equipment, net $ 1,884,576 $ 1,745,060

Detail of Certain Balance She_2

Detail of Certain Balance Sheet Captions (Tables)	3 Months Ended
	Mar. 31, 2020
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 unaudited condensed consolidated balance sheets: As of As of (in thousands) Prepaid inventory $ 17,100 $ 96,167 Inventory 115,107 43,749 Current portion of customer notes receivable 15,170 13,758 Other prepaid assets 7,123 7,380 Current portion of other notes receivable 947 982 Deferred receivables 1,222 1,506 Restricted cash 30,502 10,474 Other 46 — Total $ 187,217 $ 174,016
Schedule of Other Current Liabilities	The following table presents the detail of other current liabilities as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Interest payable $ 8,978 $ 14,680 Current portion of performance guarantee obligations 2,502 4,067 Current portion of lease liability 924 561 Deferred revenue 2,893 2,086 Other 27 410 Total $ 15,324 $ 21,804
Schedule of Other Assets	The following table presents the detail of other assets as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Restricted cash $ 65,298 $ 56,332 Construction in progress - customer notes receivable 33,903 37,137 Exclusivity and other bonus arrangements with dealers, net 37,273 32,791 Straight-line revenue adjustment 26,183 24,852 Other 16,477 18,600 Total $ 179,134 $ 169,712

Asset Retirement Obligations _2

Asset Retirement Obligations (ARO) (Tables)	3 Months Ended
	Mar. 31, 2020
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 unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 31,053 $ 20,033 Additional obligations incurred 2,067 786 Accretion expense 489 313 Other (15 ) (9 ) Balance at end of period $ 33,594 $ 21,123

Customer Notes Receivable (Tabl

Customer Notes Receivable (Tables)	3 Months Ended
	Mar. 31, 2020
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 unaudited condensed consolidated balance sheets and the corresponding fair values: As of As of (in thousands) Customer notes receivable $ 365,820 $ 312,823 Allowance for credit losses (12,136 ) (1,091 ) Customer notes receivable, net (1) $ 353,684 $ 311,732 Estimated fair value, net $ 357,032 $ 314,222 (1) Of this amount, $15.2 million and $13.8 million is recorded in other current assets as of March 31, 2020 and December 31, 2019 , respectively.
Changes in the Allowance for Doubtful Accounts	The following table presents the changes in the allowance for credit losses recorded against accounts receivable — trade, net in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 960 $ 723 Impact of ASC 326 adoption (240 ) — Provision for current expected credit losses 402 — Bad debt expense — 292 Write off of uncollectible accounts (385 ) (301 ) Recoveries 9 27 Other, net 1 — Balance at end of period $ 747 $ 741 The following table presents the changes in the allowance for credit losses related to customer notes receivable as recorded in the unaudited condensed consolidated balance sheets: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 1,091 $ 710 Impact of ASC 326 adoption 9,235 — Provision for current expected credit losses (1) 1,811 — Bad debt expense — 111 Write off of uncollectible accounts — (39 ) Other, net (1 ) (24 ) Balance at end of period $ 12,136 $ 758 (1) In addition, we recognized $53,000 of provision for current expected credit losses during the three months ended March 31, 2020 related to our long-term receivables for our leases.
Financing Receivable, Past Due	The following table presents the aging of the amortized cost of customer notes receivable as of March 31, 2020 : As of As of (in thousands) 1-90 days past due $ 6,120 $ 5,741 91-180 days past due 1,719 1,714 Greater than 180 days past due 2,044 1,206 Total past due 9,883 8,661 Not past due 355,937 304,162 Total $ 365,820 $ 312,823
Financing Receivable Amortized Cost of Customer Notes Receivable	The following table presents the amortized cost of our customer notes receivable based on payment activity. Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Total (in thousands) Payment performance: Performing $ 58,936 $ 147,020 $ 91,375 $ 33,815 $ 21,515 $ 11,115 $ 363,776 Nonperforming (1) — 324 675 794 161 90 $ 2,044 Total $ 58,936 $ 147,344 $ 92,050 $ 34,609 $ 21,676 $ 11,205 $ 365,820 (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 180 days or more.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents the detail of long-term debt, net as recorded in the unaudited condensed consolidated balance sheets: Three Months Ended As of March 31, 2020 Year Ended As of December 31, 2019 Long-term Current Long-term Current (in thousands, except interest rates) SEI 7.75% convertible senior notes 13.26 % $ 55,000 $ — 7.75 % $ 55,000 $ — Debt discount, net (16,171 ) — (16,913 ) — Deferred financing costs, net (562 ) — (480 ) — Sunnova Energy Corporation Notes payable 10.16 % — 30 3.22 % — 2,428 AP4 Secured term loan 10.81 % — — 5.61 % 86,369 6,109 Debt discount, net — — (452 ) — Deferred financing costs, net — — (196 ) — HELI Solar asset-backed notes 6.58 % 210,684 6,736 6.56 % 213,632 8,673 Debt discount, net (2,940 ) — (3,169 ) — Deferred financing costs, net (5,176 ) — (5,586 ) — LAPH Secured term loan 12.07 % 10,388 355 7.71 % 41,484 1,392 Debt discount, net (189 ) — (401 ) — Deferred financing costs, net (152 ) — (356 ) — EZOP Warehouse credit facility 5.00 % 168,450 — 6.60 % 121,400 — Debt discount, net (1,991 ) — (2,178 ) — TEPIIH Revolving credit facility 19.47 % — — 6.36 % 234,650 — Debt discount, net — — (2,219 ) — HELII Solar asset-backed notes 5.68 % 233,064 11,850 5.77 % 241,309 13,005 Debt discount, net (47 ) — (49 ) — Deferred financing costs, net (5,668 ) — (5,873 ) — RAYSI Solar asset-backed notes 5.53 % 124,339 6,207 5.47 % 126,828 6,327 Debt discount, net (1,501 ) — (1,547 ) — Deferred financing costs, net (4,656 ) — (4,759 ) — HELIII Solar loan-backed notes 3.99 % 131,372 17,687 4.03 % 135,543 19,030 Debt discount, net (2,506 ) — (2,532 ) — Deferred financing costs, net (2,386 ) — (2,410 ) — TEPH Revolving credit facility 5.68 % 193,950 — 6.70 % 90,325 — Debt discount, net (1,006 ) — (645 ) — TEPINV Revolving credit facility 10.30 % 44,040 45,120 7.95 % 54,707 40,500 Debt discount, net (2,526 ) — (2,856 ) — Deferred financing costs, net (2,207 ) — (2,207 ) — SOLI Solar asset-backed notes 3.64 % 399,769 12,731 — — Debt discount, net (124 ) — — — Deferred financing costs, net (9,693 ) — — — Total $ 1,511,555 $ 100,716 $ 1,346,419 $ 97,464
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 March 31, 2020 As of December 31, 2019 Carrying Estimated Carrying Estimated (in thousands) SEI 7.75% convertible senior notes $ 55,000 $ 31,408 $ 55,000 $ 37,964 Sunnova Energy Corporation notes payable 30 30 2,428 2,428 AP4 secured term loan — — 92,478 92,478 HELI solar asset-backed notes 217,420 228,905 222,305 223,895 LAPH secured term loan 10,743 10,743 42,876 42,876 EZOP warehouse credit facility 168,450 168,450 121,400 121,400 TEPIIH revolving credit facility — — 234,650 234,650 HELII solar asset-backed notes 244,914 299,601 254,314 281,850 RAYSI solar asset-backed notes 130,546 155,092 133,155 139,004 HELIII solar loan-backed notes 149,059 168,524 154,573 155,701 TEPH revolving credit facility 193,950 193,950 90,325 90,325 TEPINV revolving credit facility 89,160 89,160 95,207 95,207 SOLI solar asset-backed notes 412,500 444,509 — — Total (1) $ 1,671,772 $ 1,790,372 $ 1,498,711 $ 1,517,778 (1) Amounts exclude the net deferred financing costs and net debt discounts of $59.5 million and $54.8 million as of March 31, 2020 and December 31, 2019 , respectively.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding Derivative Instruments	The following table presents a summary of the outstanding derivative instruments: As of March 31, 2020 As of December 31, 2019 Effective Termination Fixed Aggregate Effective Termination Fixed Aggregate (in thousands, except interest rates) AP4 —% $ — March 2018 July 2020 2.338% $ 99,762 LAPH November 2018 October 2036 3.409% 10,692 November 2018 October 2036 3.409% 43,298 EZOP June 2019 - July 2029 - 1.631% - 121,756 June 2019 - July 2029 - 1.631% - 100,083 TEPIIH —% — September 2018 - July 2031 - 1.909% - 225,845 TEPH September 2019 - January 2023 - 0.912% - 147,658 September 2019 January 2023 1.620% - 55,115 TEPINV December 2019 December 2022 2.500% 88,935 —% — Total $ 369,041 $ 524,103
Fair Value of Interest Rate Swaps	The following table presents the fair value of the interest rate swaps as recorded in the unaudited condensed consolidated balance sheets: As of As of (in thousands) Other assets $ 1 $ 360 Other current liabilities — (397 ) Other long-term liabilities (34,771 ) (27,092 ) Total, net $ (34,770 ) $ (27,129 ) unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) Realized loss $ 31,898 $ 3,584 Unrealized loss 7,596 7,032 Total $ 39,494 $ 10,616

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Option Activity	The following table summarizes stock option activity: Number Weighted Weighted Weighted Aggregate (in thousands) Outstanding, December 31, 2019 4,304,309 $ 15.86 7.08 $ 242 Exercised (25,245 ) $ 12.34 $ 2 Forfeited (102,869 ) $ 19.01 $ 3.55 Outstanding, March 31, 2020 4,176,195 $ 15.81 6.80 $ 212 Exercisable, March 31, 2020 3,518,154 $ 15.83 6.60 $ 212 Vested and expected to vest, March 31, 2020 4,176,195 $ 15.81 6.80 $ 212 Non-vested, March 31, 2020 658,041 $ 3.74
Restricted Stock Unit Activity	The following table summarizes restricted stock unit activity: Number of Weighted Outstanding, December 31, 2019 1,426,139 $ 11.93 Granted 1,080,528 $ 11.49 Vested (27,083 ) $ 12.00 Outstanding, March 31, 2020 2,479,584 $ 11.74

Basic and Diluted Net Loss Pe_2

Basic and Diluted Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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: Three Months Ended 2020 2019 (in thousands, except share and per share amounts) Net loss attributable to stockholders $ (71,075 ) $ (38,514 ) Dividends earned on Series A convertible preferred stock — (9,511 ) Dividends earned on Series C convertible preferred stock — (2,692 ) Net loss attributable to common stockholders—basic and diluted $ (71,075 ) $ (50,717 ) Net loss per share attributable to common stockholders—basic and diluted $ (0.85 ) $ (5.87 ) Weighted average common shares outstanding—basic and diluted 84,001,151 8,635,527
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: Three Months Ended 2020 2019 Equity-based compensation awards 5,872,563 4,471,009 Convertible preferred stock — 59,146,676 Convertible senior notes 4,230,768 —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Performance Guarantee Obligations	The changes in our aggregate performance guarantee obligations are as follows: As of March 31, 2020 2019 (in thousands) Balance at beginning of period $ 6,468 $ 6,044 Accruals for obligations issued 683 527 Settlements made in cash (3,844 ) (2,545 ) Balance at end of period $ 3,307 $ 4,026
Lease Expense	The following table presents the detail of lease expense and lease income as recorded in general and administrative expense and other operating expense (income), respectively, in the unaudited condensed consolidated statements of operations: Three Months Ended 2020 2019 (in thousands) Operating lease expense $ 336 $ 300 Finance lease amortization expense 2 2 Short-term lease expense 16 11 Variable lease expense 7 211 Sublease income — (18 ) Total $ 361 $ 506 Other information related to leases was as follows: Three Months Ended 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 11 $ 275 Financing cash flows from finance leases 1 3 Right-of-use assets obtained in exchange for lease obligations: Operating leases — 755 Finance leases — 13 As of March 31, 2020 2019 Weighted average remaining lease term (years): Operating leases 9.17 3.24 Finance leases 0.25 1.39 Weighted average discount rate: Operating leases 3.94 % 4.56 % Finance leases 4.26 % 4.25 %
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 unaudited condensed consolidated balance sheets: As of As of (in thousands) Right-of-use assets: Operating leases $ 9,434 $ 9,668 Finance leases 3 5 Total right-of-use assets $ 9,437 $ 9,673 Current lease liabilities: Operating leases $ 920 $ 556 Finance leases 4 5 Long-term leases liabilities Operating leases 9,113 9,389 Total lease liabilities $ 10,037 $ 9,950
Finance Lease, Future Minimum Lease Payments	Future minimum lease payments under our non-cancelable leases as of March 31, 2020 were as follows: Operating Finance (in thousands) Remaining 2020 $ 1,010 $ 4 2021 1,536 — 2022 1,559 — 2023 1,594 — 2024 1,616 — 2025 and thereafter 7,617 — Total 14,932 4 Amount representing interest (2,488 ) — Amount representing leasehold incentives (2,411 ) — Present value of future payments 10,033 4 Current portion of lease liability (920 ) (4 ) Long-term portion of lease liability $ 9,113 $ —
Operating Lease, Future Minimum Lease Payments	Future minimum lease payments under our non-cancelable leases as of March 31, 2020 were as follows: Operating Finance (in thousands) Remaining 2020 $ 1,010 $ 4 2021 1,536 — 2022 1,559 — 2023 1,594 — 2024 1,616 — 2025 and thereafter 7,617 — Total 14,932 4 Amount representing interest (2,488 ) — Amount representing leasehold incentives (2,411 ) — Present value of future payments 10,033 4 Current portion of lease liability (920 ) (4 ) Long-term portion of lease liability $ 9,113 $ —
Other Commitments	Dealer Commitments. As of March 31, 2020 , the net unamortized balance of payments to dealers for exclusivity and other similar arrangements was $37.3 million . Under these agreements, we paid $5.3 million and $2.0 million during the three months ended March 31, 2020 and 2019 , respectively, and 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 (in thousands) Remaining 2020 $ 23,220 2021 28,200 2022 29,058 2023 4,886 2024 3,682 2025 and thereafter — Total $ 89,046
Future Commitments	Purchase Commitments. In August 2019, we amended an agreement with a supplier in which we agreed to purchase a minimum amount of energy storage systems and components for five years. These purchases are recorded to inventory in other current assets in the consolidated balance sheets. Under this agreement, we could be obligated to make minimum purchases as follows: Purchase (in thousands) Remaining 2020 $ 6,846 2021 27,359 2022 27,243 2023 27,053 2024 20,152 2025 and thereafter — Total $ 108,653 March 31, 2020 were as follows: Information (in thousands) Remaining 2020 $ 2,889 2021 3,325 2022 37 2023 26 2024 26 2025 and thereafter 7 Total $ 6,310

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details) customer in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020statecustomerrenewal_option	Jan. 01, 2020USD ($)
Subsidiary, Sale of Stock [Line Items]
Number of customers | customer	85
Number of states in which entity operates (more than) | state	20
Maximum renewal term	10 years
Cumulative-effect adjustment		$ (9,908)
Accounting Standards Update 2016-13
Subsidiary, Sale of Stock [Line Items]
Cumulative-effect adjustment		$ 9,900
Lease and Power Purchase Agreement (PPA)
Subsidiary, Sale of Stock [Line Items]
Number of options to renew term | renewal_option	2
Renewal term	5 years
Minimum
Subsidiary, Sale of Stock [Line Items]
Agreement term	10 years
Maximum
Subsidiary, Sale of Stock [Line Items]
Agreement term	25 years

Description of Business and B_4

Description of Business and Basis of Presentation Schedule of New Accounting Pronouncement (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable—trade, net	$ 10,039	$ 10,672	$ 10,672
Other current assets	187,217	174,016	174,016
Customer notes receivable	338,514	297,975	297,975
Other assets	179,134	169,712	169,712
Accumulated deficit	$ (418,643)	(361,824)	$ (361,824)
As Reported Under ASC 326
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable—trade, net		10,912
Other current assets		173,565
Customer notes receivable		289,191
Other assets		168,799
Accumulated deficit		(371,732)
Impact of ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable—trade, net		240
Other current assets		(451)
Customer notes receivable		(8,784)
Other assets		(913)
Accumulated deficit		$ (9,908)

Significant Accounting Polici_4

Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Mar. 31, 2020USD ($)FICO_scorerenewal_option	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Disaggregation of Revenue [Line Items]
Accrued expenses for inventory purchases	$ 3,400,000		$ 15,200,000
SREC inventory	115,107,000		43,749,000
Deferred revenue	68,557,000		58,853,000	$ 34,000,000
Revenue recognized	$ 997,000	$ 653,000
PPA revenue
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Renewal term	5 years
Number of options to renew term | renewal_option	2
Lease revenue
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Renewal term	5 years
Number of options to renew term | renewal_option	2
Remittances of customer payments, period after placed in service date	3 years
Solar renewable energy certificate revenue
Disaggregation of Revenue [Line Items]
Typical period for receiving payment	1 month
Loan revenue
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 55,406,000		46,958,000
Other revenue
Disaggregation of Revenue [Line Items]
Agreement term	5 years
Minimum
Disaggregation of Revenue [Line Items]
Agreement term	10 years
Minimum | Loan revenue
Disaggregation of Revenue [Line Items]
Agreement term	10 years
Minimum FICO score required for customer to qualify for program | FICO_score	650
Maximum
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Maximum | PPA revenue
Disaggregation of Revenue [Line Items]
Renewal term	10 years
Maximum | Lease revenue
Disaggregation of Revenue [Line Items]
Renewal term	10 years
Maximum | Loan revenue
Disaggregation of Revenue [Line Items]
Agreement term	25 years
Minimum FICO score required for customer to qualify for program | FICO_score	720
Solar Renewable Energy Certificates
Disaggregation of Revenue [Line Items]
SREC inventory	$ 0		$ 0

Significant Accounting Polici_5

Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 960	$ 723
Provision for current expected credit losses/Bad debt expense	402	292
Write off of uncollectible accounts	(385)	(301)
Recoveries	9	27
Other, net	1	0
Balance at end of period	747	$ 741
Impact of ASC 326 Adoption
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ (240)

Significant Accounting Polici_6

Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory [Line Items]
Inventory	$ 115,107	$ 43,749
Energy storage systems and components
Inventory [Line Items]
Inventory	34,021	33,443
Modules and inverters
Inventory [Line Items]
Inventory	80,932	10,137
Meters
Inventory [Line Items]
Inventory	$ 154	$ 169

Significant Accounting Polici_7

Significant Accounting Policies - Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 29,829	$ 26,715
PPA revenue
Disaggregation of Revenue [Line Items]
Revenue	12,633	9,612
Lease revenue
Disaggregation of Revenue [Line Items]
Revenue	11,542	9,638
Solar renewable energy certificate revenue
Disaggregation of Revenue [Line Items]
Revenue	4,363	6,592
Loan revenue
Disaggregation of Revenue [Line Items]
Revenue	599	371
Other revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 692	$ 502

Significant Accounting Polici_8

Significant Accounting Policies - Performance Obligations (Details) $ in Billions	3 Months Ended
	Mar. 31, 2020USD ($)
Accounting Policies [Abstract]
Contracted but not yet recognized revenue	$ 1.2
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 solar service agreements have at least 20 years remaining
Average age of solar systems	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted but not yet recognized revenue, percentage	4.00%
Contracted but not yet recognized revenue, expected timing of satisfaction	12 months

Significant Accounting Polici_9

Significant Accounting Policies - Deferred Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 68,557	$ 58,853	$ 34,000
Deferred revenue included in other current liabilities	2,893	2,086
Loans
Disaggregation of Revenue [Line Items]
Deferred revenue	55,406	46,958
PPAs and leases
Disaggregation of Revenue [Line Items]
Deferred revenue	10,151	8,895
SRECs
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 3,000	$ 3,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,047,601	$ 1,893,219
Less: accumulated depreciation	(163,025)	(148,159)
Property and equipment, net	$ 1,884,576	1,745,060
Solar energy systems
Property, Plant and Equipment [Line Items]
Useful Lives	35 years
Property and equipment, gross	$ 1,836,111	1,689,457
Less: accumulated depreciation	(143,800)	(130,900)
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 148,412	143,449
Asset retirement obligations
Property, Plant and Equipment [Line Items]
Useful Lives	30 years
Property and equipment, gross	$ 29,021	26,967
Information technology systems
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Property and equipment, gross	$ 28,495	28,320
Computers and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,644	1,499
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	$ 1,314	1,014
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	$ 811	735
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,636	1,632
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	$ 157	$ 146
Other | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Other | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	6 years

Detail of Certain Balance She_3

Detail of Certain Balance Sheet Captions - Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid inventory	$ 17,100		$ 96,167
Inventory	115,107		43,749
Current portion of customer notes receivable	15,170		13,758
Other prepaid assets	7,123		7,380
Current portion of other notes receivable	947		982
Deferred receivables	1,222		1,506
Restricted cash	30,502		10,474	$ 430
Other	46		0
Total	$ 187,217	$ 174,016	$ 174,016

Detail of Certain Balance She_4

Detail of Certain Balance Sheet Captions - Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest payable	$ 8,978	$ 14,680
Current portion of performance guarantee obligations	2,502	4,067
Current portion of lease liability	924	561
Deferred revenue	2,893	2,086
Other	27	410
Total	$ 15,324	$ 21,804

Detail of Certain Balance She_5

Detail of Certain Balance Sheet Captions - Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 65,298		$ 56,332	$ 34,999
Construction in progress - customer notes receivable	33,903		37,137
Exclusivity and other bonus arrangements with dealers, net	37,273		32,791
Straight-line revenue adjustment	26,183		24,852
Other	16,477		18,600
Total	$ 179,134	$ 169,712	$ 169,712

Asset Retirement Obligations _3

Asset Retirement Obligations (ARO) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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	$ 31,053	$ 20,033
Additional obligations incurred	2,067	786
Accretion expense	489	313
Other	(15)	(9)
Balance at end of period	$ 33,594	$ 21,123

Customer Notes Receivable - Nar

Customer Notes Receivable - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan systems not yet placed in service	$ 33,900		$ 37,100
Interest income	4,620	$ 2,494
Interest income for nonaccrual loans	0	$ 0
Amortized cost	3,800		2,900
Customer Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	4,400		2,300
Accrued investment income receivable	975		$ 869
Accrued investment income receivable, written off	$ 0
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	10 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	25 years
Loan revenue | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	10 years
Loan revenue | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Agreement term	25 years

Customer Notes Receivable - Sch

Customer Notes Receivable - Schedule of Customer Notes Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	$ 365,820	$ 312,823
Allowance for credit losses	(12,136)	(1,091)	$ (758)	$ (710)
Current portion of customer notes receivable	15,170	13,758
Carrying Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	353,684	311,732
Estimated Fair Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer notes receivable	357,032	314,222
Customer Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current portion of customer notes receivable	$ 15,200	$ 13,800

Customer Notes Receivable - S_2

Customer Notes Receivable - Schedule of Changes in Allowances for Credit Losses Related to Customer Notes Receivable (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance at beginning of period	$ 1,091,000	$ 710,000
Provision for current expencted credit loss/Bad debt expense	1,811,000	111,000
Write off of uncollectible accounts	0	(39,000)
Other, net	(1,000)	(24,000)
Balance at end of period	12,136,000	$ 758,000
Provision for expected credit losses	53,000
Impact of ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance at beginning of period	$ 9,235,000

Customer Notes Receivable - S_3

Customer Notes Receivable - Schedule of Aged Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 9,883	$ 8,661
Financing receivable, not past due	355,937	304,162
Total	365,820	312,823
1-90 days past due
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	6,120	5,741
91-180 days past due
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	1,719	1,714
Greater than 180 days past due
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 2,044	$ 1,206

Customer Notes Receivable - S_4

Customer Notes Receivable - Schedule of Amortized cost of Customer Notes Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 58,936
2019	147,344
2018	92,050
2017	34,609
2016	21,676
Prior	11,205
Total	365,820	$ 312,823
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	58,936
2019	147,020
2018	91,375
2017	33,815
2016	21,515
Prior	11,115
Total	363,776
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	324
2018	675
2017	794
2016	161
Prior	90
Total	$ 2,044

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, non-current	$ 1,511,555	$ 1,346,419
Long-term debt, current	100,716	97,464
SEI
Debt Instrument [Line Items]
Debt discount, net, non-current	(16,171)	(16,913)
Deferred financing costs, net, non-current	(562)	(480)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
SEI | 7.75% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	7.75%
Weighted average effective interest rates	13.26%	7.75%
Long-term debt, gross, non-current	$ 55,000	$ 55,000
Long-term debt, gross, current	$ 0	$ 0
Sunnova Energy Corporation | Notes payable
Debt Instrument [Line Items]
Weighted average effective interest rates	10.16%	3.22%
Long-term debt, gross, non-current	$ 0	$ 0
Long-term debt, gross, current	30	2,428
AP4
Debt Instrument [Line Items]
Debt discount, net, non-current	0	(452)
Deferred financing costs, net, non-current	0	(196)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
AP4 | Secured term loan
Debt Instrument [Line Items]
Weighted average effective interest rates	10.81%	5.61%
Long-term debt, gross, non-current	$ 0	$ 86,369
Long-term debt, gross, current	0	6,109
HELI
Debt Instrument [Line Items]
Debt discount, net, non-current	(2,940)	(3,169)
Deferred financing costs, net, non-current	(5,176)	(5,586)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
HELI | Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rates	6.58%	6.56%
Long-term debt, gross, non-current	$ 210,684	$ 213,632
Long-term debt, gross, current	6,736	8,673
LAPH
Debt Instrument [Line Items]
Debt discount, net, non-current	(189)	(401)
Deferred financing costs, net, non-current	(152)	(356)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
LAPH | Secured term loan
Debt Instrument [Line Items]
Weighted average effective interest rates	12.07%	7.71%
Long-term debt, gross, non-current	$ 10,388	$ 41,484
Long-term debt, gross, current	355	1,392
EZOP
Debt Instrument [Line Items]
Debt discount, net, non-current	(1,991)	(2,178)
Debt discount, net, current	$ 0	$ 0
EZOP | Warehouse credit facility
Debt Instrument [Line Items]
Weighted average effective interest rates	5.00%	6.60%
Long-term debt, gross, non-current	$ 168,450	$ 121,400
Long-term debt, gross, current	0	0
TEPIIH
Debt Instrument [Line Items]
Debt discount, net, non-current	0	(2,219)
Debt discount, net, current	$ 0	$ 0
TEPIIH | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rates	19.47%	6.36%
Long-term debt, gross, non-current	$ 0	$ 234,650
Long-term debt, gross, current	0	0
HELII
Debt Instrument [Line Items]
Debt discount, net, non-current	(47)	(49)
Deferred financing costs, net, non-current	(5,668)	(5,873)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
HELII | Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rates	5.68%	5.77%
Long-term debt, gross, non-current	$ 233,064	$ 241,309
Long-term debt, gross, current	11,850	13,005
RAYSI
Debt Instrument [Line Items]
Debt discount, net, non-current	(1,501)	(1,547)
Deferred financing costs, net, non-current	(4,656)	(4,759)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
RAYSI | Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rates	5.53%	5.47%
Long-term debt, gross, non-current	$ 124,339	$ 126,828
Long-term debt, gross, current	6,207	6,327
HELIII
Debt Instrument [Line Items]
Debt discount, net, non-current	(2,506)	(2,532)
Deferred financing costs, net, non-current	(2,386)	(2,410)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
HELIII | Solar loan-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rates	3.99%	4.03%
Long-term debt, gross, non-current	$ 131,372	$ 135,543
Long-term debt, gross, current	17,687	19,030
TEPH
Debt Instrument [Line Items]
Debt discount, net, non-current	(1,006)	(645)
Debt discount, net, current	$ 0	$ 0
TEPH | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rates	5.68%	6.70%
Long-term debt, gross, non-current	$ 193,950	$ 90,325
Long-term debt, gross, current	0	0
TEPINV
Debt Instrument [Line Items]
Debt discount, net, non-current	(2,526)	(2,856)
Deferred financing costs, net, non-current	(2,207)	(2,207)
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	$ 0
TEPINV | Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Weighted average effective interest rates	10.30%	7.95%
Long-term debt, gross, non-current	$ 44,040	$ 54,707
Long-term debt, gross, current	45,120	40,500
SOLI
Debt Instrument [Line Items]
Debt discount, net, non-current	(124)	0
Deferred financing costs, net, non-current	(9,693)	0
Debt discount, net, current	0	0
Deferred financing costs, net, current	$ 0	0
SOLI | Solar asset-backed notes
Debt Instrument [Line Items]
Weighted average effective interest rates	3.64%
Long-term debt, gross, non-current	$ 399,769	0
Long-term debt, gross, current	$ 12,731	$ 0

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	1 Months Ended
	Feb. 29, 2020	Mar. 31, 2020
Warehouse credit facility
Debt Instrument [Line Items]
Borrowing capacity		$ 43,600,000
EZOP | Warehouse credit facility
Debt Instrument [Line Items]
Borrowing capacity		$ 31,600,000
SOLI | SOLI Series 2020-1 Class A | Solar asset-backed notes
Debt Instrument [Line Items]
Principal amount of debt issued	$ 337,100,000
Discount percent	0.89%
Stated interest rate	3.35%
SOLI | SOLI Series 2020-1 Class B | Solar asset-backed notes
Debt Instrument [Line Items]
Principal amount of debt issued	$ 75,400,000
Discount percent	0.85%
Stated interest rate	5.54%
AP4
Debt Instrument [Line Items]
Repayments of debt	$ 92,000,000
TEPIIH
Debt Instrument [Line Items]
Repayments of debt	226,600,000
LAPH
Debt Instrument [Line Items]
Repayments of debt	$ 32,000,000
SEI | 7.75% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate		7.75%
Revolving credit facility | TEPH | Line of credit
Debt Instrument [Line Items]
Borrowing capacity		$ 6,100,000
Maximum borrowing capacity		$ 400,000,000
Revolving credit facility | TEPH | TEPH Class A | Line of credit
Debt Instrument [Line Items]
Stated interest rate, increase		0.40%
Revolving credit facility | TEPH | TEPH Class B | Line of credit
Debt Instrument [Line Items]
Stated interest rate, increase		0.40%
Revolving credit facility | TEPINV | Line of credit
Debt Instrument [Line Items]
Borrowing capacity		$ 6,000,000

Long-Term Debt - Schedule of Fa

Long-Term Debt - Schedule of Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Net deferred financing costs and debt discounts	$ 59,500	$ 54,800
Carrying Value
Debt Instrument [Line Items]
Long-term debt	1,671,772	1,498,711
Estimated Fair Value
Debt Instrument [Line Items]
Long-term debt	$ 1,790,372	1,517,778
SEI | 7.75% convertible senior notes
Debt Instrument [Line Items]
Stated interest rate	7.75%
SEI | Carrying Value | 7.75% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	$ 55,000	55,000
SEI | Estimated Fair Value | 7.75% convertible senior notes
Debt Instrument [Line Items]
Long-term debt	31,408	37,964
Sunnova Energy Corporation | Carrying Value | Notes payable
Debt Instrument [Line Items]
Long-term debt	30	2,428
Sunnova Energy Corporation | Estimated Fair Value | Notes payable
Debt Instrument [Line Items]
Long-term debt	30	2,428
AP4 | Carrying Value | Secured term loan
Debt Instrument [Line Items]
Long-term debt	0	92,478
AP4 | Estimated Fair Value | Secured term loan
Debt Instrument [Line Items]
Long-term debt	0	92,478
HELI | Carrying Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	217,420	222,305
HELI | Estimated Fair Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	228,905	223,895
LAPH | Carrying Value | Secured term loan
Debt Instrument [Line Items]
Long-term debt	10,743	42,876
LAPH | Estimated Fair Value | Secured term loan
Debt Instrument [Line Items]
Long-term debt	10,743	42,876
EZOP | Carrying Value | Warehouse credit facility
Debt Instrument [Line Items]
Long-term debt	168,450	121,400
EZOP | Estimated Fair Value | Warehouse credit facility
Debt Instrument [Line Items]
Long-term debt	168,450	121,400
HELII | Carrying Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	244,914	254,314
HELII | Estimated Fair Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	299,601	281,850
RAYSI | Carrying Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	130,546	133,155
RAYSI | Estimated Fair Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	155,092	139,004
HELIII | Carrying Value | Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	149,059	154,573
HELIII | Estimated Fair Value | Solar loan-backed notes
Debt Instrument [Line Items]
Long-term debt	168,524	155,701
SOLI | Carrying Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	412,500	0
SOLI | Estimated Fair Value | Solar asset-backed notes
Debt Instrument [Line Items]
Long-term debt	444,509	0
Revolving credit facility | TEPIIH | Carrying Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	0	234,650
Revolving credit facility | TEPIIH | Estimated Fair Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	0	234,650
Revolving credit facility | TEPH | Carrying Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	193,950	90,325
Revolving credit facility | TEPH | Estimated Fair Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	193,950	90,325
Revolving credit facility | TEPINV | Carrying Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	89,160	95,207
Revolving credit facility | TEPINV | Estimated Fair Value | Line of credit
Debt Instrument [Line Items]
Long-term debt	$ 89,160	$ 95,207

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Interest Rate Swap
Derivative [Line Items]
Aggregate Notional Amount	$ 369,041	$ 524,103
AP4 | Interest Rate Swap One
Derivative [Line Items]
Fixed Interest Rate	0.00%	2.338%
Aggregate Notional Amount	$ 0	$ 99,762
LAPH | Interest Rate Swap Two
Derivative [Line Items]
Fixed Interest Rate	3.409%	3.409%
Aggregate Notional Amount	$ 10,692	$ 43,298
EZOP | Interest Rate Swap Three
Derivative [Line Items]
Aggregate Notional Amount	$ 121,756	$ 100,083
EZOP | Interest Rate Swap Three | Minimum
Derivative [Line Items]
Fixed Interest Rate	1.631%	1.631%
EZOP | Interest Rate Swap Three | Maximum
Derivative [Line Items]
Fixed Interest Rate	2.62%	2.62%
TEPIIH | Interest Rate Swap Four
Derivative [Line Items]
Fixed Interest Rate	0.00%
Aggregate Notional Amount	$ 0	$ 225,845
TEPIIH | Interest Rate Swap Four | Minimum
Derivative [Line Items]
Fixed Interest Rate		1.909%
TEPIIH | Interest Rate Swap Four | Maximum
Derivative [Line Items]
Fixed Interest Rate		3.383%
TEPH | Interest Rate Swap Five
Derivative [Line Items]
Aggregate Notional Amount	$ 147,658	$ 55,115
TEPH | Interest Rate Swap Five | Minimum
Derivative [Line Items]
Fixed Interest Rate	0.912%	1.62%
TEPH | Interest Rate Swap Five | Maximum
Derivative [Line Items]
Fixed Interest Rate	3.125%	1.928%
TEPINV | Interest Rate Swap Six
Derivative [Line Items]
Fixed Interest Rate	2.50%	0.00%
Aggregate Notional Amount	$ 88,935	$ 0

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet (Details) - Not designated as hedging instrument - Interest rate swap - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Total, net	$ (34,770)	$ (27,129)
Other assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	1	360
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	(397)
Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ (34,771)	$ (27,092)

Derivative Instruments - Intere

Derivative Instruments - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized loss	$ 7,596	$ 7,032
Interest Rate Swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Realized loss	31,898	3,584
Unrealized loss	7,596	7,032
Total	$ 39,494	$ 10,616

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	0.00%	0.00%

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Details) $ in Millions	1 Months Ended
	Feb. 29, 2020USD ($)
Class A Members | TEPIVC
Noncontrolling Interest [Line Items]
Capital commitment	$ 75

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vested (in shares)	265,207	513,998
Stock options vested	$ 791	$ 1,500
Total unrecognized compensation expense	$ 628
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period	2 months 1 day
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period	1 year 11 months 4 days
Unrecognized compensation expense	$ 24,800
Stock units vested (in shares)	27,083
Restricted stock units, vested	$ 325

Equity-Based Compensation - Sto

Equity-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Number of Stock Options
Outstanding, beginning balance (in shares)	4,304,309
Exercised (in shares)	(25,245)
Forfeited (in shares)	(102,869)
Outstanding, ending balance (in shares)	4,176,195	4,304,309
Number of options, exercisable (in shares)	3,518,154
Number of options, vested and expected to vest (in shares)	4,176,195
Number of options, non-vested (in shares)	658,041
Weighted Average Exercise Price
Outstanding, beginning balance (in USD per share)	$ 15.86
Exercised (in USD per share)	12.34
Forfeited (in USD per share)	19.01
Outstanding, ending balance (in USD per share)	15.81	$ 15.86
Weighted average exercise price, exercisable (in USD per share)	15.83
Weighted average exercise price, vested and expected to vest (in USD per share)	$ 15.81
Weighted Average Remaining Contractual Term (Years)
Outstanding	6 years 9 months 18 days	7 years 29 days
Exercisable	6 years 7 months 6 days
Vested and expected to vest	6 years 9 months 18 days
Weighted Average Grant Date Fair Value
Forfeited (in USD per share)	$ 3.55
Non-vested (in USD per share)	$ 3.74
Aggregate Intrinsic Value
Outstanding, beginning balance	$ 242
Exercised	2
Outstanding, ending balance	212	$ 242
Exercisable	212
Vested and expected to vest	$ 212

Equity-Based Compensation - Res

Equity-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units - $ / shares	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Number of Restricted Stock Units
Outstanding, beginning balance (in shares)	1,426,139
Granted (in shares)	1,080,528
Vested (in shares)	(27,083)
Outstanding, ending balance (in shares)	2,479,584
Weighted Average Grant Date Fair Value
Outstanding (in USD per share)	$ 11.74	$ 11.93
Granted (in USD per share)	11.49
Vested (in USD per share)	$ 12

Basic and Diluted Net Loss Pe_3

Basic and Diluted Net Loss Per Share - Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss attributable to stockholders	$ (71,075)	$ (38,514)
Net loss attributable to common stockholders—basic	(71,075)	(50,717)
Net loss attributable to common stockholders—diluted	$ (71,075)	$ (50,717)
Net loss per share attributable to common stockholders—basic and diluted (in USD per share)	$ (0.85)	$ (5.87)
Weighted average common shares outstanding—basic and diluted (shares)	84,001,151	8,635,527
Series A Convertible Preferred Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dividends earned on convertible preferred stock	$ 0	$ (9,511)
Series C convertible preferred stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dividends earned on convertible preferred stock	$ 0	$ (2,692)

Basic and Diluted Net Loss Pe_4

Basic and Diluted Net Loss Per Share - Anti-Dilutive Weighted Average Shares (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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)	5,872,563	4,471,009
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	59,146,676
7.75% 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)	4,230,768	0

Commitments and Contingencies

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Current portion of performance guarantee obligations	$ 2,502		$ 4,067
Letter of credit outstanding	550		725
Other commitment	37,300
Payments for dealer commitments	5,300	$ 2,000
Performance Guarantee Obligations
Loss Contingencies [Line Items]
Performance guarantee obligations	3,307	$ 4,026	6,468	$ 6,044
Current portion of performance guarantee obligations	2,500		4,100
Long-term portion of performance guarantee obligations	$ 805		$ 2,400

Commitments and Contingencies_2

Commitments and Contingencies - Performance Guarantee Obligations (Details) - Performance Guarantee Obligations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Performance Guarantee Obligations [Roll Forward]
Balance at beginning of period	$ 6,468	$ 6,044
Accruals for obligations issued	683	527
Settlements made in cash	(3,844)	(2,545)
Balance at end of period	$ 3,307	$ 4,026

Commitments and Contingencies_3

Commitments and Contingencies - Lease Expenses and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 336	$ 300
Finance lease amortization expense	2	2
Short-term lease expense	16	11
Variable lease expense	7	211
Sublease income	0	(18)
Total	$ 361	$ 506

Commitments and Contingencies_4

Commitments and Contingencies - Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Right-of-use assets:
Operating leases	$ 9,434	$ 9,668
Finance leases	3	5
Total right-of-use assets	9,437	9,673
Current lease liabilities:
Operating leases	920	556
Finance leases	4	5
Long-term leases liabilities
Operating leases	9,113	9,389
Total lease liabilities	$ 10,037	$ 9,950

Commitments and Contingencies -

Commitments and Contingencies - Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 11	$ 275
Operating cash flows from finance leases	1	3
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	0	755
Finance leases	$ 0	$ 13
Weighted Average Remaining Lease Term [Abstract]
Operating leases	9 years 2 months 1 day	3 years 2 months 26 days
Finance leases	3 months	1 year 4 months 20 days
Weighted average discount rate:
Operating leases	3.94%	4.56%
Finance leases	4.26%	4.25%

Commitments and Contingencies_5

Commitments and Contingencies - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Operating Leases
Remaining 2020	$ 1,010
2021	1,536
2022	1,559
2023	1,594
2024	1,616
2025 and thereafter	7,617
Total	14,932
Amount representing interest	(2,488)
Amount representing leasehold incentives	(2,411)
Present value of future payments	10,033
Current portion of lease liability	(920)	$ (556)
Long-term portion of lease liability	9,113	9,389
Finance Leases
Remaining 2020	4
2021	0
2022	0
2023	0
2024	0
2025 and thereafter	0
Total	4
Amount representing interest	0
Amount representing leasehold incentives	0
Present value of future payments	4
Current portion of lease liability	(4)	$ (5)
Long-term portion of lease liability	$ 0

Commitments and Contingencies_6

Commitments and Contingencies - Dealer Commitments (Details) $ in Thousands	Mar. 31, 2020USD ($)
Long-term Purchase Commitment [Line Items]
Total	$ 37,300
Long-Term Dealer Commitments
Long-term Purchase Commitment [Line Items]
Remaining 2020	23,220
2021	28,200
2022	29,058
2023	4,886
2024	3,682
2025 and thereafter	0
Total	$ 89,046

Commitments and Contingencies_7

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Mar. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2020	$ 6,846
2021	27,359
2022	27,243
2023	27,053
2024	20,152
2025 and thereafter	0
Total	$ 108,653

Commitments and Contingencies_8

Commitments and Contingencies - Future Commitments (Details) $ in Thousands	Mar. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2020	$ 2,889
2021	3,325
2022	37
2023	26
2024	26
2025 and thereafter	7
Total	$ 6,310

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	May 15, 2020	Mar. 31, 2020	Mar. 31, 2019	Apr. 30, 2020
Subsequent Event [Line Items]
Capital commitment		$ 102,342,000	$ 18,030,000
Subsequent Event
Subsequent Event [Line Items]
Capital commitment	$ 75,000,000
7.75% convertible senior notes | SEI
Subsequent Event [Line Items]
Stated interest rate		7.75%
9.75% Convertible Senior Notes Due April 2025 | 7.75% convertible senior notes | SEI | Subsequent Event
Subsequent Event [Line Items]
Principal amount of debt issued	$ 130,000,000
Stated interest rate	9.75%
Issue price percentage	95.00%
Purchase price	$ 123,500,000
Additional principal available to purchase	$ 60,000,000
7.75% Convertible Senior Notes | 7.75% convertible senior notes | SEI | Subsequent Event
Subsequent Event [Line Items]
Stated interest rate	7.75%
Long-term debt exchanged	$ 55,000,000
Revolving credit facility | Line of credit | TEPH
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 400,000,000
Revolving credit facility | Line of credit | TEPH | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 390,000,000			$ 200,000,000

Uncategorized Items - q12020for

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (9,908,000)