Power inverters produce common mode voltage (CMV) and common mode current (CMC) which cause high-frequency electromagnetic interference (EMI) noise, leakage currents in electrical drives application and grid-connected systems, which consequently drops the efficiency of the system considerably. This CMV can be mitigated by designing suitable EMI filters and/or investigating the effects of different modulation strategies. In this paper, the effect of various modulation techniques over CMV and CMC are investigated for two-level and three-level inverters. It is observed that the modified third harmonic injection method reduced the CMV and CMC in the system by 60%. This modified pulse width modulation (PWM) technique is employed along with EMI chokes which results in reduced distortion of the system.