The DC link of Grid-Connected 3-Phase 3-Level T-type Photovoltaic PCS (PV-PCS) consists of two series connected capacitors for using their neutral voltage. The mismatch between two capacitor characteristics and transient states happened in load change cause the imbalance of neutral voltage. As a result, PV-PCS performance is degraded and the system becomes unstable. In this paper, a mathematical model for analyzing the imbalance of neutral voltage is derived and a compensation method using offset voltage is proposed, where offset voltage adjusts the applying time of P-type and N-type small vectors. The validity of the proposed methods is verified by simulation and experiment.