Poly(1,4-naphthalenevinylene), prepared from a water-soluble precursor, was used to fabricate hybrid solar cells by blending with water-soluble CdTe nanocrystals (NCs) to act as the photoactive layer. In composites with CdTe NCs as the electron acceptors in a bulk heterojunction configuration, the devices exhibited a short-circuit current density of -6.14 mA/cm(2), an open-circuit voltage of 0.44 V, a fill factor of 0.32, and a power conversion efficiency of 0.86% under AM1.5G conditions. Because the devices were fabricated from water-soluble materials, the procedure was generally simple and environmentally friendly in comparison to the conventional devices fabricated from oil-soluble materials.