Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
We recorded a provision for income taxes of $0 and $5 for the three months ended June 30, 2024 and 2023, respectively.
We recorded a provision for income taxes of $0 and benefit of $498 for the six months ended June 30, 2024 and 2023, respectively.
The effective tax rate was 0.0% for the three months ended June 30, 2024, compared to the effective tax rate of 0.1% for the three months ended June 30, 2023. The principal reasons for the higher effective rate for 2024 is due to the effects of a smaller Section 179D Energy Efficient Building deduction, offset by higher investment tax credits from solar, and storage plants placed into service or are forecasted to be placed into service during 2024, state taxes, and foreign earnings.

The effective tax rate was 0.0% for the six months ended June 30, 2024, compared to a benefit of 5.3% for the six months ended June 30, 2023. The principal reasons for the higher effective rate for 2024 is due to the effects of a smaller Section 179D Energy
Efficient Building deduction, offset by higher investment tax credits from solar, and storage plants placed into service or are forecasted to be placed into service during 2024, state taxes, and foreign earnings.