overcoming several key obstacles, and achieving more than two orders of magnitude effi ciency increase towards the anticipated milestone solar cell effi ciency of 10%. [ 1,2 ] Equally impressive has been the progress in light harvesting based on colloidal quantum dots (QDs) with successful demonstrations based on all-QD active regions of Schottky [ 3,4 ] solar cells and recently of depleted heterojunction [ 5 ] and p-n junction [ 6 ] types of devices. While high-performance light sensors can be produced based on fully organic or fully nanocrystal active regions, composites of the two systems exhibit important advantages. Organic devices can benefi t from the higher absorption of nanocrystals (NCs) compared to the fullerene acceptors, size-tunable levels to tailor band-offsets, control over NC shape to optimize composite morphologies, and the possibility of higher stability arising from the incorporation of a less-volatile inorganic moiety. For QD devices an extended network of highly absorbing conducting organic components can signifi cantly enhance light harvesting and can provide pathways for effi cient charge, energy, and even multiexciton extraction. [ 7,8 ] The seminal proposal by Alivisatos and co-workers [ 9 ] to replace fullerenes with colloidal quantum dots (QDs) as the acceptor material in organic bulk heterojunctions (BHJs) paved the way for hybrid polymer-nanocrystal structures. Research on hybrid PVs intensifi ed with the publication of another article by the same group demonstrating a power conversion efficiency (PCE) of over 2% by using a mixture of CdSe NCs and P3HT as the active layer in a BHJ architecture. [ 10 ] Numerous reports followed, i.e. see recent reviews, [ 11,12 ] mainly based on Cd chalcogenide quantum dots and phenylenevinylene (PPV) and polythiophene (P3HT) conjugated polymers. Control over blend nanomorphology [11][12][13][14][15] and the shape and aspect ratio of the NCs [ 11-13 , 16 ] has proven to be critical in improving performance. A further increase in effi ciency was enabled by two important developments: i) the use of mild postfabrication chemical treatments to replace bulky insulating QD ligands with shorter capping molecules to allow better charge extraction [15][16][17][18][19][20] and ii) the employment of new low-bandgap copolymers. [15][16][17][18][19][20][21][22] The photophysics of bulk heterojunctions of a high-performance, low-gap silicon-bridged dithiophene polymer with oleic acid capped PbS quantum dots (QDs) are studied to assess the material potential for light harvesting in the visible-and IR-light ranges. By employing a wide range of nanocrystal sizes, systematic dependences of electron and hole transfer on quantum-dot size are established for the fi rst time on a low-gap polymer-dot system. The studied system exhibits type II band offsets for dot sizes up to ca. 4 nm, whch allow fast hole transfer from the quantum dots to the polymer that competes favorably with the intrinsic QD recombination. Electron transfer from the polymer is also observed although i...