Investment in Renewable Energy Sources: Economic Profitability Factors in Croatia
Investment in Renewable Energy Sources: Economic Profitability Factors in Croatia

Author(s): Vlasta Roška, Zvonko Merkaš, Bartol Pavlović
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Green investment; Renewable energy sources; Photovoltaic systems; Sustainable economy
Summary/Abstract: Green projects have become essential in contemporary economic conditions due to an increasing emphasis on environmental preservation and sustainable development. including investing in renewable energy sources. The main aim of this study is to explore the factors influencing the economic viability of investing in photovoltaic systems, including initial investments, return on investment, access to financing, infrastructure availability, maintenance costs, system reliability, price competitiveness of output, and the legislative framework in Croatia. The study addresses the extent to which some of these factors influence the decision to invest in renewable energy sources using photovoltaic systems. The research was conducted on 103 respondents who are users of photovoltaic systems. The first hypothesis, that the decision to invest in renewable energy sources by investing in photovoltaic power plants is influenced not only by subsidies but also by investment returns, increased property value, increased energy independence, and long-term protection against rising electricity prices is accepted. The second hypothesis was not confirmed because legislative and other constraints do not affect investment decisions alongside an excellent financial investment structure.

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