In this paper, we propose an electric circuit using one common-arm of H-Bridge inverters to reduce the number of switching components in the multi-level inverter combined with H-Bridge inverters and transformers. And furthermore, we suggested a new multi-level PWM inverter using PWM level to reduce THD (Total Harmonic Distortion). We use a phase-shift switching method that has the same rate of usage at each transformer. Also, we test the proposed prototype 9-level inverter to clarify the proposed electric circuit and reasonableness of the control signal for the proposed multi-level PWM inverter.