This paper studies a zero-redundancy fault-tolerant dc-dc series resonant converter (ZR-SRC) for residential photovoltaic (PV) applications. This converter can handle faulty conditions on-the-fly using topology morphing control without increasing the number of components. Furthermore, it can withstand a single fault in both input and output bridge semiconductors, i. e., up to two semiconductor faults. The proposed dc-dc converter could increase the availability of residential photovoltaic-powered dc microgrids. Comprehensive fault diagnosis and localization algorithms are proposed for MOSFETs on both sides of the ZR-SRC. The paper proposes а short-circuit fault (SCF) detection in the input-side MOSFETs using the existing PV voltage measurements, decreasing the converter cost and size. The open-circuit fault (OCF) in the output-side MOSFETs is detected by sensing the voltage of the bottom two switches sharing the same ground with the dc bus. In addition, the post-fault operation of the converter is thoroughly analyzed. Recommendations for the PV power clipping are given to ensure the safe operation of the converter after a fault. A 300 W experimental setup is built to demonstrate the feasibility and performance of the proposed fault-tolerant converter.