Hybrid inverters
Hybrid inverters are now becoming the inverter of choice for the common everyday applications as it designed to be an “all in one” component.

The main purpose for an inverter is to convert DC energy into AC energy for consumption. The hybrid inverters do all that and so much more. Not only does it convert the DC power, but it also stores excess energy into storage batteries with a built in MPPT function.

It accept various renewable and non renewable energy sources such as solar / Grid / Fuel / wind and so on.
Used for off-grid:
Where there is no municipal power used. Solar / wind / generator are the sources of energy. The power will be transfered from the batteries.
Used for on grid or grid-tie:
Connected to the municipal grid, with the ability to sell back to the grid (excess energy)

More on this on wikipedia

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