| CUSTOMERS |
CUSTOMERS |
92%
|
It is calculated as the present value of cash flows discounted at 6% that the Company expects to receive from customers in future periods as set forth in customer agreements. |
| HOMEOWNERS |
HOMEOWNERS |
92%
|
The Company’s primary customers are homeowners and its core solar service offerings to these customers generate revenues primarily through (i) both the lease of, and the sale of electricity generated… |
| UTILITIES-OR-GRID-OPERATORS |
UTILITIES-OR-GRID-OPERATORS |
92%
|
The calculation includes cash flows the Company expects to receive in future periods from state incentive and rebate programs, contracted sales of solar renewable energy credits, and awarded net cash… |
| RESIDENTIAL-CUSTOMERS |
RESIDENTIAL-CUSTOMERS |
90%
|
which are subject to solar lease agreements ("SLAs") and power purchase agreements ("PPAs", together with the SLAs, "Customer Agreements") with residential customers who benefit from the production o… |
| THIRD-PARTY-OWNERS |
THIRD-PARTY-OWNERS |
90%
|
the servicing of third-party owned solar energy systems through the Company’s Spruce Pro servicing platform, which is contracted to offer portfolio managed services to third party owners, as well as … |
| SEMTH-MASTER-LEASE |
SEMTH-MASTER-LEASE |
85%
|
The Company generates cash flows and earns interest income from customer contracts related to a master lease agreement, which is referred to in these condensed consolidated financial statements as th… |
| D |
Dominion Energy, Inc. |
72%
|
Reciprocal relationship from D graph: anization SAIDI System Average Interruption Duration Index, metric used to measure electric service reliability Santee Cooper South Carolina Public Service Autho… |
| SAN |
Banco Santander, S.A. |
72%
|
Reciprocal relationship from SAN graph: Reciprocal relationship from SPRU graph: Reciprocal relationship from SAN graph: Reciprocal relationship from SPRU graph: Reciprocal relationship from SAN grap… |
| SAN |
Banco Santander, S.A. |
72%
|
Item 1, “Business” within this Annual Report for additional information on our corporate history and background. Operating Highlights For the years ended December 31, 2025 and 2024, our revenues tota… |
| BARINGS-GPSF-LLC |
BARINGS-GPSF-LLC |
62%
|
Item 1, “Business” within this Annual Report for additional information on our corporate history and background. Operating Highlights For the years ended December 31, 2025 and 2024, our revenues tota… |
| F-10-SPRUCE-POWER-HOLDING-CORPORATION |
F-10-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
rivetrain and XL Grid operations are presented as discontinued operations in the consolidated financial statements. F-10 Spruce Power Holding Corporation Notes to Consolidated Financial Statements In… |
| F-13-SPRUCE-POWER-HOLDING-CORPORATION |
F-13-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
ash equivalents and restricted cash reflected on the consolidated balance sheets to the total amounts shown within the consolidated statements of cash flows for each year: As of December 31, (Amounts… |
| F-14-SPRUCE-POWER-HOLDING-CORPORATION |
F-14-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
. The SEMTH master lease agreement includes 20 year use rights to customer payment streams of approximately 22,500 home SLAs and PPAs. The Company recognizes accretable yield as interest income over … |
| F-15-SPRUCE-POWER-HOLDING-CORPORATION |
F-15-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
. The SEMTH master lease agreement includes 20 year use rights to customer payment streams of approximately 22,500 home SLAs and PPAs. The Company recognizes accretable yield as interest income over … |
| F-16-SPRUCE-POWER-HOLDING-CORPORATION |
F-16-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
d the lease controlled by the lessor. All ROU assets are reviewed periodically for impairment. Lease expense for operating leases consists of the lease payments plus any initial direct costs and is r… |
| F-17-SPRUCE-POWER-HOLDING-CORPORATION |
F-17-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
a, a range of multiples of enterprise value to EBITDA or revenue is calculated. The income approach of computing fair value is based on the present value of the expected future economic benefits gene… |
| F-24-SPRUCE-POWER-HOLDING-CORPORATION |
F-24-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
ssuance of ASU 2024-03, the FASB issued ASU 2025-01 of the same topic to clarify the effective date of ASU 2024-03, stating that all public entities are required to adopt the disclosure requirements … |
| F-26-SPRUCE-POWER-HOLDING-CORPORATION |
F-26-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
. The ASU addresses thirty-three items, representing the changes to the Codification that (1) clarify, (2) correct errors, or (3) make minor improvements. Generally, the amendments in this Update are… |
| F-27-SPRUCE-POWER-HOLDING-CORPORATION |
F-27-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
. The ASU addresses thirty-three items, representing the changes to the Codification that (1) clarify, (2) correct errors, or (3) make minor improvements. Generally, the amendments in this Update are… |
| F-37-SPRUCE-POWER-HOLDING-CORPORATION |
F-37-SPRUCE-POWER-HOLDING-CORPORATION |
62%
|
ation of the prior President and Chief Executive Officer (“Former CEO”) from the Company effective April 12, 2024, 97,994 and 244,267 restricted stock units awarded to the Former CEO were vested and … |
| HPS-INVESTMENT-PARTNERS-LLC |
HPS-INVESTMENT-PARTNERS-LLC |
62%
|
rid operations are presented as discontinued operations in the consolidated financial statements. F-10 Table of Contents Spruce Power Holding Corporation Notes to Consolidated Financial Statements In… |
| KEY-BANK-CREDIT-AGREEMENT-F-28-SPRUCE-POWER-HOLD |
KEY-BANK-CREDIT-AGREEMENT-F-28-SPRUCE-POWER-HOLD |
62%
|
. The ASU addresses thirty-three items, representing the changes to the Codification that (1) clarify, (2) correct errors, or (3) make minor improvements. Generally, the amendments in this Update are… |
| LLC-SPRUCE-HOLDING-COMPANY |
LLC-SPRUCE-HOLDING-COMPANY |
62%
|
ompany’s portfolio of home solar energy systems, which are subject to solar lease agreements (“SLAs”) and power purchase agreements (“PPAs”, together with the SLAs, “Customer Agreements”) with reside… |
| MEMBER-ADMITTED-ORE-F4-HOLDCO-LLC |
MEMBER-ADMITTED-ORE-F4-HOLDCO-LLC |
62%
|
ation of the prior President and Chief Executive Officer (“Former CEO”) from the Company effective April 12, 2024, 97,994 and 244,267 restricted stock units awarded to the Former CEO were vested and … |
| ORE-F4-HOLDCO-LLC |
ORE-F4-HOLDCO-LLC |
62%
|
ar energy systems through the Company’s Spruce Pro servicing platform, which is contracted to offer portfolio managed services to third-party owners, as well as to the Company’s portfolio of home sol… |
| PIVOTAL-INVESTMENT-HOLDINGS-II-LLC |
PIVOTAL-INVESTMENT-HOLDINGS-II-LLC |
62%
|
ation of the prior President and Chief Executive Officer (“Former CEO”) from the Company effective April 12, 2024, 97,994 and 244,267 restricted stock units awarded to the Former CEO were vested and … |
| SS-HOLDINGS |
SS-HOLDINGS |
62%
|
rid operations are presented as discontinued operations in the consolidated financial statements. F-10 Table of Contents Spruce Power Holding Corporation Notes to Consolidated Financial Statements In… |
| VOLTA-SOLAR-OWNER-II-LLC |
VOLTA-SOLAR-OWNER-II-LLC |
62%
|
ation of the prior President and Chief Executive Officer (“Former CEO”) from the Company effective April 12, 2024, 97,994 and 244,267 restricted stock units awarded to the Former CEO were vested and … |
| XL-FLEET-CORP |
XL-FLEET-CORP |
62%
|
ompany’s portfolio of home solar energy systems, which are subject to solar lease agreements (“SLAs”) and power purchase agreements (“PPAs”, together with the SLAs, “Customer Agreements”) with reside… |
