I was wondering what the advantages of upgrading to a 24 or 48 volt system? I think I read somewhere that 48 volt uses less to convert so you save more energy in your battery bank is that true?
I think this is one of the things, where if you have to ask the question, its almost certainly not worth upgrading your system, if its already functioning adequately.
But getting back to the question:
To understand the main benefit of a higher voltage system, you need to understand three simple equations
Voltage = Current x Resistance
(V = I x R)
Power = Voltage x Current
(P = I x V)
And derived from the first two we can determine:
Power = Current x Current x Resistance (P = I² x R)
What this means in plain English, is that all other things being equal, if you double the voltage, you halve the current, and you quarter your power losses and voltage drop %. This is a big deal with large systems with big loads and long wire runs, less so with small systems.
Lets imagine a 1200W load, 100ft round trip from your battery bank, 6AWG copper wire. You can use a chart like this to lookup the resistance of the wire which is .04 ohms for 100ft of 6AWG copper wire. So we know P, we know R, and all that's left is
I. And because we know
P its easy to derive
I if we know the system voltage.
Power (loss) = Current² x Resistance
@12v P(loss) = 100² x 0.04 = 400W (33.3%) power loss
@24v P(loss) = 50² x 0.04 = 100W (8.3%) power loss
@48v P(loss) = 25² x 0.04 = 25W (2.1%) power loss
This is an extreme example, but I think it illustrates the principle. For a given load, a higher voltage substantially reduces line loss and voltage drop. If your distances are short, your loads are small, or your wires are properly sized to reduce losses/resistance, this may not be a big deal, and the benefits might be overshadowed by other design considerations.
The other benefit as
@JoseAgustinV mentioned is that you can use lower current components which are often cheaper and more readily available. A 50A charge controller can output 600W @ 12v, 1200W @ 24v, or 4800W @ 48v.
And as
@boondox mentioned, in some contexts (like large stationary systems) it may be easier to find 48V components.