This present study provides an analysis of the financial-economic viability in the installation of a photovoltaic solar energy system in a military organization in the Brazilian Army, in Santa Maria City, Rio Grande do Sul State. Among the aims of the study are the analysis of indicators obtained through the method of project viability and an estimate of time for return on investment. For the viability application, the figures for electric energy costs in this organizations in the period between August, 2015 and July, 2016 were analyzed. The following methods were applied: simple Payback ; discounted Payback ; internal rate of return (IRR); and net present value (NPV). In the cash flow projections and income statements, it was found that the investments are attractive. Through the IRR and NPV, it was possible to verify that the projects will have a significant return. Based on simple Payback the facilities proved viable. However, with the discounted Payback , the lower cost project proved itself unviable, because the return time was practically the same as that in the considered time of investment. Nevertheless, considering the preservation, the protection and the improvement of the environment quality and the Environmental Management Politics in the Brazilian Army, the implementation of the project is extremely relevant.
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