In this paper an economic evaluation of photovoltaic grid connected systems (PVGCS) for companies situated in Flanders (Belgium) is conducted by using a generic Excel model. The model is unique in that it includes the dimension of taxation. This inclusion is required, otherwise the fiscal...

Up to now, there has been some controversy about green certificates (a form of subsidy) that are granted for the installation of photovoltaic (PV) panels in the Flemish residential sector. The Flemish government has already reduced the value of future green certificates, because they appeared to...