Even 95% is on the low side. Most residential-grade PV grid-tie inverters are listed as something like 97.5%. Higher voltage versions tend to do better.
Yeah, filters essentially store power during one part of the cycle and release it during another. Net power lost is fairly minimal, though not zero. DC needs filtering too: all those switchmode power supplies are very choppy.
I didn’t notice until now that your characters sometimes slightly cover the text boxes! Very cool.