Four novel conjugated polymers (P1, P2, P3, and P4) based on coplanar thiophene-phenylenethiophene (TPT) derivatives have been designed and synthesized for application in polymer solar cells (PSCs). The optical, electrochemical, field effect carrier mobility, and photovoltaic properties of P1-P4 are investigated and compared with those of poly(3-hexylthiophene) (P3HT). PSCs are fabricated based on the blend of the polymers and [6,6]-phenyl-C61-butyric acid methyl ester (PC 61 BM) or 1-(3-methoxycarbonyl)propyl-1-phenyl-[6,6]-C-71 (PC 71 BM) with a weight ratio of 1:3. The maximum power conversion efficiency (PCE) of the PSCs based on P3/PC 71 BM system reaches 3.3% with a short circuit current density (J sc ) of 7.6 mA/cm 2 , an open circuit voltage (V oc ) of 0.8 V, and a fill factor (FF) of 0.54 under AM 1.5G (100 mW/cm 2 ) illumination. The results indicate that the coplanar TPT conjugated derivatives are promising PSC materials.