Mutations in the energy sector are shifting the production and distribution systems from a centralized to a decentralized model. Within this context, we address the economics of grid-connected Hybrid Renewable Energy Systems (HRES) in relation with energy management strategies by considering taxes and economic regulation frameworks. Therefore, we propose a model to perform economic analysis of such HRES formulated as a MILP (Mixed Integer Linear Programming) model in the context of the French regulation. We test it on the case study of an integrated PV installation for French households’ self-consumption, comparing two household sizes: a two persons household with a consumption of 4000 kWh/year and a five persons household consuming 8500 kWh/year; and two solar exposures: one of 1400 h of equivalent maximum production and one of 1060 h. The main results is that the current regulation framework for incentive calculus does not encourage citizens to install a maximum of PV panels as well as it does not guarantee a uniform development of self-consumption infrastructure. Alternatively, we propose a new regulation framework in order to reverse those tendencies.