The paper discusses a novel hybrid modulation technique for five-level neutral point clamped (NPC) inverters to address the issue of unbalanced capacitor voltages, which can lead to operation failures and increased harmonic distortion. By strategically selecting switching states at zero crossings of the reference signal, the proposed method achieves capacitor voltage balance without the need for external circuitry. The results indicate that while the capacitor saturation problem is resolved, there is a slight increase in total harmonic distortion (THD).