This paper proposes an isolated modular single-phase inverter for high-input voltage applications. The topology is composed of conventional and modular full-bridge inverters with series-connected inputs and magnetically-connected outputs. All input bus capacitors are connected in series and thus the dc voltage is divided among the inverter modules. The full-bridge outputs are connected by a multiple-winding lowfrequency transformer, the inverters employ a typical three-level modulation with phase-shift carriers and when an appropriate modulation is used a multilevel output voltage is supplied for the load. The auto-balance of the input capacitor voltages is verified and a harmonic analysis is performed in order to investigate the exchange of active and reactive power between the inverter modules at low and high frequency. An 8 kW prototype with three modules, a multiple-winding transformer with a transform ratio of 1:1:1:1, 1200 V dc input source and 220 V/ 60 Hz ac output voltage was built and tested in order to verify the proposed topology.