csoc64,
You've got it basically correct, although take a look in the 2008 code (if it applies to you) at 690.47(D). A grounding electrode and GEC is required near the array if the conductors do not come right down to the inverter. (This requirement went away in the 2011 code, but will be back in the 2014 code.) In any case, all the equipment can be bonded to this GEC with with one or more EGCs.
Smart$, in the industry we conventionally refer to "DC systems" for string or central inverters and "AC systems" for microinverters or AC modules. Not really a technical distinction most of the time but it's clear to me what he means.