Koncept Smart Cities a jeho aplikace v prostředí České republiky

The aim of this thesis is to evaluate the efficiency of an investment in a photovoltaic power plant in the municipality of Malý Újezd using selected financial analysis methods, within the broader context of the Smart Cities concept. Two model scenarios are proposed and compared: a basic local installation and a more extensive solution based on community energy sharing. The analysis incorporates the key revenue and cost components of the project, with particular emphasis on current subsidy opportunities provided by the Modernisation Fund. The study tests the hypothesis that the discounted payback period of the photovoltaic investment exceeds six years, which is subsequently assessed based on the results of the economic evaluation. The robustness of both scenarios to key market risks, particularly fluctuations in energy prices, increases in investment costs, and uncertainty related to subsidy schemes, is examined through sensitivity analysis. The main contribution of the thesis lies in providing a concrete assessment of the investment opportunity for the given municipality and formulating recommendations supported by the data, demonstrating that the community-based solution represents an economically advantageous and stable option