Developing highly planar semiconducting polymer is essential for achieving high mobility and improving the photovoltaic performance of bulk-heterojunction polymer solar cells. In this contribution, two novel low-bandgap donor-acceptor copolymers, P1-3T and P2-3T2F, consisting of electron-accepting benzothiadiazole acceptor segment and electron-donating terthiophene donor segment with and without fluorine atoms were designed and synthesized. The density functional theory calculations and ultraviolet–visible absorption studies demonstrate that the fluorinated P2-3T2F polymer has more planar backbone conformation, deeper HOMO level, broader absorption spectrum with a vibronic shoulder peak, and higher absorption coefficient compared with the non-fluorinated analogue polymer, P1-3T. Furthermore, P2-3T2F exhibits good crystallinity and high hole mobility, presumably due to the well-ordered lamellar packing and the π-π stacking interaction between the backbones of the conjugated polymers. The optimized polymer solar cell based on P2-3T2F:PC61BM exhibits a short-circuit current density (Jsc) of 12.77 mA cm−2, a fill factor (FF) of 68.99%, an open-circuit voltage (Voc) of 0.80 V, and a maximum power conversion efficiency (PCE) of 7.14%, which is approximately 46% higher than that of the P1-3T:PC61BM device. The enhanced PCE is primarily due to increased light-harvesting ability and interconnected morphology with finely dispersed polymer-rich and PC61BM-rich domains, which improves the efficiency of exciton dissociation and rises the mobility of charge carriers, thus boosting the short-circuit current density and the FF value. Moreover, the relatively deep HOMO of P2-3T2F effectively increases the Voc.
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