Apparatus and associated methods relate to a switching network that (1) receives energy from an input source that magnetically excites an output winding, (2) stores some of that energy in a series capacitance while delivering power to a resistive load during a first excitation cycle portion, and (3) then injects some of the stored energy back to the input source by injecting current into a tap of the output winding while delivering power to the resistive load and during a second excitation cycle portion.