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Nakanishi RB - 17031 , ABR , CRS , GRI , SRS " Major Mom is a Major Difference " hawaiianrealty.com FIRST PLACE BEST Hawaii 2023 East It's a no - brainer , right ? We all know that green is Mortgaged properties normally require connection unless there is a power purchase agreement based the thing ! With Hawai's goal of becoming energy to a conventional source of power . Different loans on usage . In this case , the payment is treated as independent , you'd think that adding panels that treat payments for either leased or financed systems a utility payment and not included as part of the create energy using the power of the sun would differently . At times payments do not impact a buyer's ability to qualify . Another potential hiccup be a no - brainer . Let's review . Photovoltaic panels buyer's ability to qualify . This means it is imperative that could surface is that a third party vendor cannot create energy that can either be " sold " back to to check with the lender up front if a buyer's ratios be named as a loss payee or named insured on the HELCO or stored on - site . Purchasing a system are tight . In addition , some loans regard the cost of property insurance policy . The vendor will also need can be expensive . For this reason , some the system as a concession . Concessions and credits to agree to termination and removal of the panels homeowners choose leased systems . are limited on any loan program . When a system is if the property is foreclosed . Remember , a financed Besides low initial outlay , the advantages owned , most appraisers absolutely give it value . Not system becomes an encumbrance on title that will of a leased system are free maintenance so with leased systems . When off - grid is common likely need to be cleared or re - subordinated upon during the lease and affordable to an area , a conventional power backup may not sale . Confused ... me too ! For now , one thing is for monthly payments . With leased systems , be required but a back - up system will still likely be sure . If you are buying a home with a PV system , REAL ESTATE AGENCY homeowners do not normally benefit from needed . Lease payments with conventional loans get your lender involved early on . They have a any tax credits . If repairs are required , owners ( other than government backed VA , FHA , USDA ) , are much better understanding of the issue . What I are solely at the mercy of the leasing company . part of the qualifying ratio so are included in the debt do know , for now , is that even with the best of REALTORS® normally regard any PV system as a ratio just like car or credit card payments . 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