An inverter includes an inverter circuit, a collection circuit, a balanced circuit, and an inductor. The collection circuit is configured to detect a direct current bus voltage, to obtain end voltage values of a first capacitor and a second capacitor. The balanced circuit is configured to: when an end voltage value of a target capacitor is less than or equal to a first voltage threshold, control on or off of a plurality of switching transistors, to adjust a current for charging the target capacitor through the inductor and reduce a difference between the end voltage values of the target capacitor and a non-target capacitor in the two groups of capacitors. When the difference between the end voltage values of the two groups of capacitors in the inverter circuit is large, the balanced circuit may adjust an output current of the inductor to charge the target capacitor.