With the acceleration of agricultural electrification, a lot of nonlinear and shock loads appear in the rural power grid, and the resulting harmonic and reactive currents pollute the rural power grid more and more seriously. To solve the above problem, three-level neutral point clamped (NPC) inverters have been widely used, but their development is greatly restricted by the defect of neutral point voltage imbalance. In this paper, an improved virtual space vector pulse width modulation (VSVPWM) was proposed. Firstly, the mathematical models of various space vectors were established, and the influence of various space vectors on neutral point voltage was analyzed. The sum of the vector current at the neutral point was zero and the voltage control at the neutral point was completed by introducing the time offset into different switching times of the redundant small vector. This method was simple in design and avoided the redundant calculation of the traditional VSVPWM method and tedious switch sequence design. This balancing control strategy could greatly reduce the influence of virtual vectors on neutral point voltage and effectively control the low-frequency oscillation of neutral point voltage. The validity of the method was verified by establishing a matlab simulation model.