Multilevel inverters (MLIs) have recently attracted more attention in medium-voltage and high-power applications as they can provide an effective interface with photovoltaic (PV) systems. Conventional MLIs are used to generate higher voltage levels, which improve power quality and reduce the requirement for passive filters. However, recent research has focused on designing new MLI topologies using reduced switch counts and less voltage stress. This study, as such, proposes a new nine-level symmetric MLI for PV systems with a minimum number of switches. This decrease in the number of switches reduces the voltage stress across the switches and the number of driving circuits, which lowers the complexity of the control circuit and, as a result, lowers the cost and size of the system. This article compares the proposed MLI with other topologies based on the DC sources, switches count, gate driver circuits (Ngd), total standing voltage per unit (TSVPU), cost function (CF), and components count per level (CC/L). The proposed topology is integrated with the PV system. MATLAB software is used to evaluate the performance of MLI at step change in irradiance and under variable load conditions. The total harmonic distortion (THD) of the proposed topology is reduced with the implementation of phase disposition pulse width modulation (PD-PWM). In addition, PD-PWM is compared with phase opposition disposition pulse width modulation (POD-PWM) and alternative phase opposition disposition pulse width (APOD-PWM) modulation techniques. The simulation results reveal the improved performance of the proposed topology at variable irradiance and under varying load conditions. The comparison results reveal minimum (TSVPU), CC/L, CF, and switch count compared to existing topologies. Hence, the proposed topology of MLI is cost-effective and superior in all aspects compared to other topologies. In summary, it offers overall improved performance, and thus, it is feasible for the PV system.