A power conversion device includes a converter, a first capacitor, and a second capacitor. The first capacitor is connected between a DC positive bus and a DC neutral point bus. The second capacitor is connected between the DC neutral point bus and a DC negative bus. The converter includes a diode rectifier connected between an AC power supply and each of the DC positive bus and the DC negative bus, and a first AC switch electrically connected between the AC power supply and the DC neutral point bus. The power conversion device further includes a first fuse electrically connected between the first AC switch and a connection point between the first and second capacitors.