This work proposes a new Modified Multilevel Inverter (MMLI) and provides a comprehensive comparison with Conventional Cascaded H-bridge Inverters. The MMLI features fewer switching devices compared to the conventional H-Bridge Inverter for 9-level voltages and higher. Maximum Power Point Tracking (MPPT) incorporated with a Boost converter ensures a constant output from photovoltaic (PV) arrays, which is then fed to the inverter to achieve the desired number of voltage levels. To enhance the performance and efficiency of the system, IoT technologies were integrated for real-time monitoring and control. Smart sensors and cloud-based platforms were utilized for data collection and analysis, enabling precise control of the MPPT and inverter systems. The integration of IoT resulted in significant improvements in the system's dynamic response, energy conversion efficiency, and overall reliability. The results were validated through simulations in Simulink, with outcomes presented and compared for voltage waveform and harmonic spectrum. The integration of IoT technologies provided substantial benefits, showcasing the interdisciplinary approach of this research in reducing Total Harmonic Distortion (THD) while optimizing inverter operations