Power generation systems (PGSs) based on renewable energy sources are finding ever-widening applications, and many researchers work on this problem. Many papers address the problem of transformerless PGSs, but few of them aimed at conducting research on structures with multilevel converter topologies as part of a PGS. In this paper a grid-tied transformerless PV-generation system based on a multilevel converter is discussed. There are common-mode leakage currents (CMLCs), which act as a parasitic factor. It is also known that common-mode voltage is the main cause of the common-mode leakage current in grid-tied PV-generation systems. This paper considers the space vector pulse-width modulation (PWM) technique, which is used to suppress or reduce common-mode leakage current. The proposed PWM technique with the reduction of common-mode leakage current for a generation system based on the multilevel converter controlled with a PWM technique was verified experimentally. The experimental results accurately confirmed the mathematical model and the compensation achieved without errors. In the experiment, there was an approximately six-fold decrease in the common-mode leakage current (10.3 mA in rejection mode and 61 mA in non-rejection current). This can lead to the elimination of CMLC in a multilevel semiconductor converter only by changing the modulation mode. This suggests the possibility of using these devices as part of transformerless generation systems. Suppression of CMLC can only be carried out by changing the PWM algorithm. Both considered topologies can implement this mode of operation. The proposed converter has a higher efficiency up to a frequency multiplicity of 2000.