A system and method for conditioning DC power received from hybrid DC power sources is disclosed. A power conversion circuit is coupled to a respective DC power source to selectively condition the output power generated thereby to a DC bus voltage. The power conversion circuit includes a switch arrangement and capacitors arranged to provide a charge balancing in the power conversion circuit. A controller in operable communication with the switch arrangement receives inputs on a DC bus voltage and at least one parameter related to operation of the DC power source, and determines an adjustable voltage to be output from the conversion circuit to the DC bus based on the received inputs. The controller then selectively controls operation of the switch arrangement in order to generate the determined adjustable voltage.