In this Project, a new single-phase multilevel inverter is introduced with a reduced number of power switches and reduced voltage stress on power switches. The proposed topology consists of four input dc sources and nine semiconductor switches (eight unidirectional and one bidirectional switch). The topology can be used for asymmetrical voltage source configuration to generate seventeen voltage levels. The extended topology is constructed by a series connection of the topology circuit to produce higher voltage levels with less voltage stress on the switches without modifying the existing structure. Comparison is made with traditional and recently introduced topologies based on the number of power switches, dc sources, total blocking voltage of switches, and gate driver circuits, to prove the proposed topology’s superiority. A simple nearest level modulation has been deployed as the switching scheme.