Effect of changes in legislation on the profitability of business in solar energy

The main goal of my bachelor work is the characteristic of photovoltaics (solar energy) and its legislation. In the first part I have studied information about photovoltaics in Czech Republic and information about the operation of solar power plants and its types of supporting. The main theoretical part of the thesis is the collection of all laws related to solar energy, including the interconnection of individual laws to others, especially to the standards set by the European Union. Furthermore, I will describe the development of legislation during the years 2010 - 2012, which will be viewed in chronological order and actually collected from various sources in the form of short messages or selected passages of law and adapted to an effective review. The goal of the practical part of the thesis is to introduce the concretely selected photovoltaic power plants and to determine the impact of the "solar tax" on their business. I have used the chosen methods of financial analysis, value and bankruptcy models and profitability to analyze the impact caused by the changes in legislation. Last part is dedicated to review the achieved results