what you've roughly described will work but not very well. it appears youve set up a parallel linkage behind the regulators which means that there is a path for power from one panel to be shunted to another if it stops outputting power.
assuming that you have a mix of 5 panels and 5 seperate regulators the best thing you can do is to wire each panel to a regulator and then wire all the regulators onto the battery bank.
this is parallel wiring your solar bank to the batteries.
its main advantage is that because each panel is its own power providing device in its own rights if you loose one panel due to damage or shade you dont loose everything. the other advantage is that the panels and controllers dont have to be perfect matches as only the output voltage of the charge controller (given that the controler must be able to deal with the amps the panel its connected to) counts. this means that you can hook up as many different styles of panels and regulators as you can get your hands on so long as the charging voltage is close enough it'll work but It wont be pretty or particularly effecient.
Its downside is that its only ever a low voltage setup so you cant take advantage of the higher effeciencies of higher voltage or the smaller cabling that lets you run.



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but they are extremely informative, based around motor homes but the same info applies for all,,
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