
Because of the difference in real life panel temperature from STC panel temperature, as well as other issues of orientation, atmospheric conditions, etc, panels will rarely produce their rated output. On a cold day, at an elevation of 5000', and with just the right scattering of clouds outside the direct path toward the sun you can get 10% or more above the rated output.
The sizing tools and recommendations for microinverters take this into account and recommend that your panel produce more than the inverter rating, up to some limit.
Then even when the conditions are ideal and the panel overproduces you will only lose some power at solar noon but make up for it the rest of the day compared to a panel which never exceeds the inverter input limit. (Referred to as "clipping".)
And yes, 10% less than rated is not unreasonable for a hot day. Worse if there is not enough air space between panels and roof for proper cooling (4" minimum, 6" better). Then the efficiency of the micro will be somewhere between 90% and 95%, depending on the brand and who you believe.
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