This is why I like shunt regulators for battery charging. While the battery is still accepting charge from the panel, the regulator is totally out of the way, so all of the panel output is utilized by the battery. If the open-circuit voltage of the panel is a few volts above the battery terminal voltage, then the panel is naturally operated near its Max Power Point. The shunt regulator only has to do something (waste power) after the battery has reached full charge. The shunt regulator keeps the panel "loaded", reducing its temperature compared to what would happen with a series regulator, be it switch-mode or linear.[/QUOTE