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Solar America Initiative and the New Economy

Solar panels have been around for decades, and it’s easy to find years of studies showing their benefits. For the past several years, the Solar America Initiative has collected multiple studies showing that most homeowners will break even on solar panels. That is, the cost of installing a system equals the expected bills that these homeowners can anticipate over the lifetime of their system. For many homeowners, this has meant taking a “wait and see” approach to solar panel installation.

Over the past two years, however, our rapidly changing economy has made many of these studies obsolete. The scientists and economists at Solar America Initiative have determined that there are several new factors to consider when making the decision to purchase and install solar panels.

The Rising Cost of Electricity

Over the past several months, a lot has been written about the rising cost of energy. Natural gas, oil, and even coal have all undergone sharp price increases. Looking ahead, the prices for these commodities are only expected to further increase as instability in the Middle East and Russia (the chief areas of the world outside of the United States where these commodities are produced) continues to increase. Predictions range anywhere from an expected 10 to 50 percent increase in raw material prices.

To make matters worse, the employees that are needed in many power plants are in short supply, with a particular need for highly skilled employees. That has meant that many power companies have been forced to increase wages in order to retain their existing workforce and attract new hires.

All of this has resulted in high increases in the cost of electricity from local power plants. While the old formula assumed inflation rates in the price of electricity of around 3%, it may make more sense to now use a rate of 5 or even 10 percent per year. That makes getting solar panels now and avoiding these higher costs look a lot more attractive.

The Rise of Inflation

Of course, the rapid rise of inflation is also affecting the raw materials used to make solar panels. Fortunately, once panels are purchased, the cost is fixed. That is, purchasing a solar panel system today, even if it is purchased on credit, means that the price of that system will remain the same throughout the life of the system. If a consumer knows that a system will likely cost ten or fifteen percent more in the next year or two, it makes sense to purchase the system today. Even if the system has to be financed, a homeowner would still be saving money overall.

At Solar America Initiative, we want to show you how solar panels can help your family’s finances in this new economy. Give us a call today and let us show you how solar panels can save you money and provide your family with added security.

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Top 10 Best Selling Items & Categories on Amazon in 2022

Everyone wants their product to be a best-seller on Amazon. These items sell a lot more than most other products in their category, bringing in a lot of money for the vendors. If you’re fortunate, you might even come across a product that Amazon Choice, an algorithm that recommends things to customers using voice search, finally recommends.

People are joining up for Prime memberships in record numbers, increasing sales across the board. The finest products are now bringing in thousands of dollars each hour for sellers. Unfortunately, the majority of products will never achieve this level of success. However, if you conduct thorough product research and select the right things to sell, your chances of success will skyrocket.

To know more about best selling products on Amazon, you can understand from the below link:

A list of top categories of Amazon

  • Home & Kitchen
  • Sports & Outdoors
  • Toys & Games
  • Beauty & Personal Care
  • Health, Household & Baby Care
  • Kitchen & Dining
  • Office Products
  • Garden & Outdoor
  • Tools & Home Improvement
  • Pet Supplies

It is crucial to consider whether they’re overly competitive when looking at those categories. The last thing you want to do is enter an oversaturated market with a slim possibility of appearing on Amazon’s first page of search results. However, while these broad categories may be oversaturated, show you how to delve deeper into subcategories to identify better product prospects later.

Know about selling on Amazon: Best Practices

Know how to attract traffic and enhance conversions now that you know what to sell. Even if your store has the exact things that your target market is looking for, merely listing products does not guarantee that they will be purchased.

  1. Request Testimonials from Customers

Send a follow-up email a few days after customers get their orders, whether you fulfill orders on your own or through FBA, to inquire about their experience and buy. Customers are invited to leave a review based on their experiences. The customer journey includes reading reviews and the customer questions and answers area; the material is used as part of their study. The more reviews and responses to customer inquiries you have, the better it demonstrates that people are interested in your product in the marketplace.

  1. Get the Best Seller Badge.

The best-seller listings on Amazon are updated every hour. These frequent updates are an excellent method to have your products viewed by buyers who start their search on these pages to buy them. You must sell the most products in your category to get a top seller badge and feature on the list.

Begin by selling in a narrower category with fewer options. You have a better chance of standing out if you use the correct advertising and marketing. Shoppers discover more about your other products, even those without the bestseller label, as you create more traffic to your product pages and customers click on your branded landing page on Amazon.

Final thoughts

Commit to the continual audience and product research to be a profitable Amazon seller. This provides you with insight into your audience’s changing wants, allowing you to ensure that your products continue to fulfill their needs.

Using Google Trends to identify what types of things people are interested in and searching for is one approach to stay current. This method can even aid with seasonal planning, allowing you to sell the right products from the Amazon product categories above at the right time. For example, you can do research to determine when buyers are more likely to purchase specific electronic products. You can launch promotions ahead of time to catch customers’ attention and allow them time to conduct their product research before converting and purchasing.