This work presents an improved structure of a single-phase muti-input multilevel inverter (MIMLI) for distributed energy resources, which is capable of producing a nine-level output in symmetric mode and 21 levels in asymmetrical mode. The topology uses four DC sources and ten switches, with four switches being bidirectional and the remaining unidirectional. The operation of the circuit is analyzed in an asymmetrical mode, and switching signals are accomplished using the Nearest Level Control (NLC) PWM technique. Depending on the value of the DC sources used, the number of levels can vary. In this work, different DC source algorithms were also proposed, and the analysis of the inverter has been carried out considering the algorithms producing the maximum number of levels. The inverter was simulated in MATLAB/Simulink under steady state and dynamic conditions, achieving a 3.89% THD in output. The thermal analysis was conducted using PLECS software 4.1.2 to assess losses and efficiency. A laboratory prototype of the proposed topology was developed and tested, confirming its performance through simulation results and proving it economically viable for medium- and high-power applications.