This paper introduces the design and analysis of an isolated bidirectional five-level neutral point clamped (NPC) dual active bridge dc-dc converter with an improved antiwindup strategy using proportional-integral (PI) controller for electric vehicle-to-home applications. The proposed converter is more advantageous in that it provides a five-level output voltage at the high-frequency isolation transformer sides thanks to its NPC structure compared to the conventional full-bridge circuit. Reducing switching stresses, providing galvanic isolation, ensuring bidirectional power flow and simple control strategy are the highlights of the proposed structure. A single phase shift (SPS) modulation strategy has been employed to regulate the output voltage and to generate switching signals of the proposed dc-dc converters’ switches. To improve the dc-link voltage and to reduce the output voltage tracking errors, the anti-windup PI (PIAW) controller has been utilized instead of the conventional PI controller. To demonstrate the verification of the proposed converter and its controller, a simulation model has been developed in MATLAB/Simulink software. The performance and effectiveness of the proposed converter have been evaluated under steady-state and dynamic variations by the simulation results.