A solar inverter or photovoltaic (PV) inverter is a type of power inverter which converts the variable direct current (DC) output of a photovoltaic solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or.
Modern panels reach 18–23% efficiency. That means they convert about one-fifth of sunlight into usable power. But efficiency is only part of the story. Real-world performance changes with temperature, shading, tilt angle, and even the quality of the inverter or battery.
This report presents a performance analysis of 75 solar photovoltaic (PV) systems installed at federal sites, conducted by the Federal Energy Management Program (FEMP) with support from National Renewable Energy Laboratory and Lawrence Berkeley National Laboratory.
Balance-of-system efficiency; typically, 80% to 90%, but stipulated based on published inverter efficiency and other system details such as wiring losses.
The efficiency of commercially available PV panels averaged less than 10% in the mid-1980s, increased to around 15% by 2015, and is now approaching 25% for state-of-the art modules.