Multilevel voltage source inverters offer several advantages compared to their conventional counterparts. By synthesising the AC output terminal voltage from several levels of DC voltages, staircase waveforms can be produced, which approach the sinusoidal waveform with low harmonic distortion, thus reducing filter requirements. The need of several sources on the DC side of the converter makes multilevel technology attractive for photovoltaic applications. This paper provides an overview on different multilevel topologies and investigates their suitability for single-phase grid connected photovoltaic systems. Several transformerless photovoltaic systems incorporating multilevel converters are compared regarding issues such as component count and stress, system power rating and the influence of the photovoltaic array earth capacitance.