The NEC says I should allow + 22% for my expected cold weather. Yes its a 4 wire insulated cable as I said. The series / parallel will occur at the panels, where else? Its required by Code that frames and metal mount be grounded as I plan to do.
My panels are in series at the array, of course. 24x 12V panels in series, 12x 24V in series, 8x 36V in series. Each series string has a pair of 12 awg for home run to inverters or combiner box.
When I first installed it, my inverters were 2500W so each got a single string, about 3000W STC of panels.
Since I swapped for higher wattage inverters, multiple strings are paralleled either in a combiner box after fuses, or at an attached disconnect switch/fuse box on the inverter.
Having the separate runs let me rearrange easily. In particular, although manufacturers used to say all panels feeding a single MPPT had to be same orientation, it is fine if multiple strings are different. 3000W || 3000W || 3000W STC rated panels is a good fit for a 5000W to 6000W PV inverter (or SCC) if the strings are oriented differently.
+ 22% is conservative. For my panels with -0.4%/degree C temperature coefficient, -15 degree record cold vs. +25 degree nominal would mean +16% rise in Voc. I don't remember a specific percentage in the NEC but I only look at parts of it. We either use a conservative percentage or calculate more precisely for a given location and set of hardware it it is close.
What the code does call for is sizing wires and breakers 1.56x Isc. That's the usual 1.25x to avoid nuisance tripping, times 1.25x for cloud effect. Full sun on panels plus additional light reflecting off clouds and falling on panels. If 14 awg has 15A ampacity (or rather allowed limit of current and breaker size), an array 3s2p feeding through that wire should have panels with Isc no greater than 4.81A. Of course, 14 awg (with 90 degree insulation and operating at 30 degree ambient) actually has 25A ampacity so works fine. Code just has a more stringent limit.
Ground also is to be same gauge, because it has to carry current continuously in case of a fault with no breaker tripping. In the case of small gauge like 14 awg, I think ground is same as the others so you're good there.
I normally buy 12 awg and 250' rolls, but prices were up so much that recently I bought 50' 14/2 + ground UF to hook up a yard light. Wire still cost more than the light fixture.
In the case of my PV system, conduit fill is so high the 30A ampacity of 12 awg derates to about 12A.