A power conditioner of a photovoltaic system is configured operate at higher accuracy. A chopper circuit, a capacitor connected in parallel to the chopper circuit, and a control circuit that controls an ON/OFF status of switch elements in the chopper circuit to control charging and discharging of the capacitor are provided. The control circuit includes a measurement control section that measures an inter-end voltage of the capacitor and a control circuit section that performs a predetermined control operation from a measurement output of the measurement circuit section. The measurement circuit section includes a differential amplifier circuit that differentially amplifies the inter-end voltage of the capacitor. The circuit control section calibrates an in-phase component in the output of the differential amplifier circuit as an in-phase error and performs the control from the calibrated output from the differential amplifier circuit.