Simulation and analysis of three-phase parallel inverter using multicarrier pulse width modulation such as phase disposition (PD), phase opposition disposition (POD) and alternate phase alternate disposition (APOD) are presented in this article. In this proposed work, reduced active switching count, transformers, single DC input, a high degree of modularity and redundancy are key merits and also suitable for renewable energy systems. The proposed three-phase five-level multilevel inverter with single DC source using a three-phase transformer is controlled by multicarrier pulse width modulation schemes. To generate switching pulses for five-level inverter, four carrier signals can be compared with a reference signal. The performance of the inverter is examined by using PD, POD, and APOD by modulation index (MI) starting from 0.4 to 1. Furthermore, the over-modulation region is also analyzed in this paper. The effectiveness of the system is analyzed in terms of total harmonic distortion by varying the MI of the inverter. The simulation results are verified through MATLAB/Simulink.