An improved understanding of the electronic structure of interfacial charge transfer (CT) states is of importance due to their crucial role in charge carrier generation and recombination in organic donor-acceptor ($DA$) solar cells. $DA$ combinations with a small difference between the energy of the CT state (${E}_{\mathrm{CT}}$) and energy of the donor exciton (${E}_{{D}^{*}}$) are of special interest since energy losses due to electron transfer are minimized, resulting in an optimized open-circuit voltage. In that case, the CT state can be considered as a resonance mixture, containing character of a fully ionic state (${D}^{+}{A}^{\ensuremath{-}}$) and of the local polymer excited state (${D}^{*}A$). We show that the ${D}^{*}A$ contribution to the overall CT state wave function can be determined by measurements of the polarization anisotropy of CT absorption and emission of polymer:fullerene blends with aligned polymer chains. We study two donor polymers, P3HT and TQ1, blended with fullerene acceptors with different ionization potentials, allowing variation of the ${E}_{{D}^{*}}\ensuremath{-}{E}_{\mathrm{CT}}$ difference. We find that, upon decreasing ${E}_{{D}^{*}}\ensuremath{-}{E}_{\mathrm{CT}}$, the local excitonic ${D}^{*}A$ character of the CT state increases, resulting in a decreased fraction of charge transferred and an increased transition dipole moment. For typical polymer:fullerene systems, this effect is expected to become detrimental for device performance if ${E}_{{D}^{*}}\ensuremath{-}{E}_{\mathrm{CT}}<0.1$ eV. This however, depends on the electronic coupling between ${D}^{*}A$ and ${D}^{+}{A}^{\ensuremath{-}}$, which we experimentally estimate to be $\ensuremath{\sim}6$ meV for the TQ1:PCBM system.
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