Yes you can set the 10min average alarm to 260v without a problem - I had mine at 262V for a few months as my utility supplier was over volts and took a while to fix it.
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Inverter load voltage attenuation refers to the reduction in output voltage when inverters operate under varying loads.
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The MPPT voltage of PV strings should be within the full-load MPPT voltage range of the inverter.
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