Case 1: SPV 12 kWp @ 200V -> Inverter (eff=96.2%) -> 200m of 8 AWG wire -> AC-DC switching power supply (eff=92%)
Case 2: SPV 12 kWp @ 200V -> 200m of 8 AWG wire -> DC-DC buck converter 90%
If first case we get 9.16 kW. In second case we get 7.596 kW. In Case 2 you need the buck converter because the DC voltage will vary with temperature of the cable itself. Voltage loss in this case will be roughly 56V. In both cases I disregarded the effect of MPPT as it will be the same in both cases.
This suggests that when the cables are short enough (probably about 50m) then it might make sense. For anything else we are probably better off with AC networks.
One remark is that an industrial warehouse with rooftop SPV will probably need AC too. This might work for single family houses though.
With AC you can step up to higher voltage with similar efficiencies which will lead to lower transmission losses. I kept the voltage at 200V for simplicity. But going from 200V to 800V will lead to transmission loss of 3.43% instead of 13.73%. This way AC is clear winner.