Hybrid inverters optimize the use of solar power, grid electricity, and stored energy through smart features, helping to lower energy costs and improve efficiency. They manage bi-directional power conversion to meet modern residential needs, with power ranges typically from 3 kW (single-phase) to 30 kW (three-phase). By incorporating energy storage, hybrid inverters enhance energy independence, operating on-grid or off-grid, providing backup power during outages, and enabling flexible energy management. Additionally, they offer future readiness for applications like EV charging, although they may come with higher costs and technical complexities.