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Two possibilities:

With respect to a single Solar PV Panel:

Utilization Factor = efficiency of a solar panel (Energy captured out of energy available)

With respect to an entire Solar PV System:

Utilization Factor = Ratio of DC in solar panels to AC inverter rating. Typically a 1.15-1.18 utilization factor is desired. This accounts for

1. DC line loss from the panel to the inverter

2. Degradation of solar panels over the system lifespan

3. Non-tracking systems use extra DC from panels when the sun is not direct

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