With the rapid development of AC/DC hybrid microgrids and the widespread use of distributed power resources, planning strategies for microgrids with high-density distributed power generation have become an urgent problem. Because current research on microgrid planning has not considered line factors, this paper analyses the planning of an AC/DC hybrid microgrid based on an AC microgrid. The capacity and siting of the distributed power resources are optimized, taking into account the influence of the line investment cost and the interactive power upper limit on the planning results. In the proposed model, the objective is aimed at minimizing the sum of investment cost, load-loss economic cost, and system losses, taking into consideration power balance constraints and feeder number constraints. The commercial solver CPLEX is applied to attain the optimal distributed power capacity and site. The theoretical results are verified by an actual system.