Several reasons. One, the STC rating is a factory test condition. It assumes an irradiance of 1,000 watts per square meter and a cell temperature of 25?C (?77?F). In the real world, continuous irradiance levels are usually lower and cell temperatures are higher, both of which result in reduced PV output power. Two, the DC input power to the inverter is further reduced by derate factors like wire losses, array soiling and module mismatch. Lastly, weighted inverter efficiencies are typically in the 97% to 94% range, so your PV-to-inverter capacity ratio has to be greater than 1:1 in order for the inverter to output 100% of its rated power.
PV USA Test Conditions (PTC) were developed to be more indicative of module performance in the field. They assume a 20?C air temperature, which will put the cell temperature up around 45?C. The PTC rating for the Sunmodule SW 260 is 235 W. So the PTC rating of this array is 21 x 235, or 4,935 watts. That's an ideal fit with a 5,000 watt inverter.
In residential applications, PV capacity at STC is typically sized at 110% to 120% of the inverter capacity. In utility-scale applications, it's not uncommon for the PV-to-inverter capacity to be in the 120% to 140% range.