A voltage-controlled, single-phase, five-level inverter for photovoltaic systems using semiconductor power devices is proposed. Use of a unique, multilevel voltage source configuration allows the production of high voltage, low harmonic distortion AC outputs without using transformers or series-associated synchronized switching devices. The typical role of multi-level inverters is to generate the desired AC voltage from multiple DC voltage rails. Therefore multi-level inverters can provide high power AC outputs with good efficiency. The inverter design proposed here has superior voltage regulation, a low-distortion output and improved efficiency compared to existing multi-level inverters. Complete functionality has been verified using both MATLAB/SIMULINK simulation software and experimental trials.