Electrical and optical properties of poly(3-hexylthiophene-2.5diyl) (P3HT) used as the main component in a polymer/fullerene solar cell were studied. From the study of space-charge limited current behavior of indium-tin-oxide (ITO)/P3HT/Au hole-only devices, the hole mobility and density were estimated to range from 1.4x10(-6) cm(2)/V s and 5.3x10(14) cm(-3) at 150 K to 8.5x10(-5) cm(2)/V s and 1.1x10(15) cm(-3) at 250 K, respectively. The highest occupied to lowest occupied molecular orbital energetic difference was estimated from absorption spectrometry to be about 2.14 eV. Strong quenching of photoluminescence when the polymer was mixed with [6,6]-phenyl-C(61) butyric acid methyl ester (PCBM), provided evidence of photoinduced charge tra...