That is at the end of the string from battery to the ignition switch then to the engine and then up to instruments. Depending on the stage the regulator is in, it is 13.8 to about 14.2 at the battery.
I have yet to check how accurate that voltmeter is, the reason it is there is so I can see if the combiner is on or not. I will get around to checking the voltage on my digital VOM and seeing if there are any drops at some point.
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