Photovoltaic devices based on nanocomposites composed of conjugated polymers and inorganic nanocrystals show promise for the fabrication of low-cost third-generation thin film photovoltaics. In theory, hybrid solar cells can combine the advantages of the two classes of materials to potentially provide high power conversion efficiencies of up to 10%; however, certain limitations on the current within a hybrid solar cell must be overcome. Current limitations arise from incompatibilities among the various intradevice interfaces and the uncontrolled aggregation of nanocrystals during the step in which the nanocrystals are mixed into the polymer matrix. Both effects can lead to charge transfer and transport inefficiencies. This paper highlights potential strategies for resolving these obstacles and presents an outlook on the future directions of this field.