The shunt is a very small known resistance, by measuring the voltage on it the current can be calculated. I = V/R. Knowing your current is essential to knowing your power/wattage.
From the picture, I believe you have an incomplete knowledge of the shunt/meter. You will want three wires to go from the battery bank to the meter. None of these wires carry current, so they can be MUCH smaller that what you are using, like telephone wire or ethernet cable. You will want that as you want to place your meter in a convenient place to see it, not where the nasty batteries hang out. I put my meters in a box with a female phone jack, and mounted a female phone jack in a plastic conduit box that holds the shunt. So the shunt has two small signal wires attached, and the third is attached close to the positive battery terminal post, exactly where will be largely determined by the physical layout. The only thing is not to get the positive battery voltage way downstream from the battery, like from some odd power wire near where the meter is mounted, I see that a lot - very bad. So, by using a 20' phone wire I can have the meters somewhere where I am a lot, and if I want to take it to the batteries for some reason, I can just use a separate 3' cord... At any rate, by jumpering terminals 2 and 3, you don't have to run a fourth wire - you can confirm that on your hookup diagrams. The diagrams will be showing how to connect to either measure charging watts or discharging watts, know that if you swap the shunt wires you will be measuring the other. In my setup, I have one meter to measure one, and one meter to measure the other, using the same three wires, in the same box - a poor man's bidirectionality.
The charge controller and inverter cables should be bolted to each other, usually via a hefty terminal strip or bus bar. The positive side will go to the battery via the fuse, the negative to the battery via the shunt. Nothing should be connected directly to the battery terminals except the wire to the fuse, and the wire to the shunt.
From the picture, I believe you have an incomplete knowledge of the shunt/meter. You will want three wires to go from the battery bank to the meter. None of these wires carry current, so they can be MUCH smaller that what you are using, like telephone wire or ethernet cable. You will want that as you want to place your meter in a convenient place to see it, not where the nasty batteries hang out. I put my meters in a box with a female phone jack, and mounted a female phone jack in a plastic conduit box that holds the shunt. So the shunt has two small signal wires attached, and the third is attached close to the positive battery terminal post, exactly where will be largely determined by the physical layout. The only thing is not to get the positive battery voltage way downstream from the battery, like from some odd power wire near where the meter is mounted, I see that a lot - very bad. So, by using a 20' phone wire I can have the meters somewhere where I am a lot, and if I want to take it to the batteries for some reason, I can just use a separate 3' cord... At any rate, by jumpering terminals 2 and 3, you don't have to run a fourth wire - you can confirm that on your hookup diagrams. The diagrams will be showing how to connect to either measure charging watts or discharging watts, know that if you swap the shunt wires you will be measuring the other. In my setup, I have one meter to measure one, and one meter to measure the other, using the same three wires, in the same box - a poor man's bidirectionality.
My questions are, where does the charge controller hook up? Also, I'll attach a picture of the 'connector hoyahs' for the panels. How do those plug in to run the panels in series to the charge controller AND, how do you get from those connectors to bare wire to connect them to the charge controller?
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