Photorefraction is the spatial modulation of the index of refraction of a material arising from an intensity modulation of the incident light. The specific mechanism for photorefraction requires the photo‐generation of mobile charges (typically holes in polymers), transport and trapping of the charges through photoconduction, and the modulation of the index of refraction by space‐charge fields through the electro‐optic effect and orientational alignment of molecular dipoles. A model for photorefractive processes, including orientational enhancement effects, is presented. Commonly studied polymer composites suited for photorefractive applications are described along with methods for assessing figures of merit for applications of photorefractive polymeric materials.