Title
Comparison of support policies for residential photovoltaic systems in the major EU markets through investment profitability
Author
Faculty/Department
Faculty of Applied Economics
Faculty of Applied Engineering Sciences
Publication type
article
Publication
Oxford ,
Subject
Economics
Physics
Engineering sciences. Technology
Source (journal)
Renewable energy. - Oxford
Volume/pages
87(2016) :1 , p. 42-53
ISSN
0960-1481
ISI
000367759500004
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
In this paper a comprehensive evaluation of the support policy for photovoltaic installations in the residential sector of the major European markets (Flanders (Belgium), Germany, Italy, Spain and France) is carried out. To this end, the economic viability of a household investment in a photovoltaic installation is studied, employing a model based on the discounted cash flows of the installation over its lifetime. The results indicate that Italy's support system has been the most profitable out of the countries studied since 2010. In general, under current support policies, residential installations are still profitable in most cases, despite decreasing support levels, except for Spain. Furthermore, the paper demonstrates that self-consumption can significantly increase profits, especially in Spain and Germany. However, Flanders' policy has no effect on levels of self-consumption. Finally, a comparison of past and present policies shows the varying levels of success countries have enjoyed in keeping the profitability of investments stable over the years, depending on the efficiency of their support policy. Germany's support system might be considered the most balanced one over the last five years.
E-info
https://repository.uantwerpen.be/docman/iruaauth/1f6d7f/128425.pdf
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000367759500004&DestLinkType=RelatedRecords&DestApp=ALL_WOS&UsrCustomerID=ef845e08c439e550330acc77c7d2d848
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000367759500004&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=ef845e08c439e550330acc77c7d2d848
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000367759500004&DestLinkType=CitingArticles&DestApp=ALL_WOS&UsrCustomerID=ef845e08c439e550330acc77c7d2d848
Handle