A photovoltaic device includes a substrate, a first electrode, a second electrode, and an active layer between the first electrode and the second electrode. The active layer comprises a polyarylamine biscarbonate ester of Formula (I): wherein Ar1, Ar2, Ar3, Ar4, R, m, y, and n are as described herein. The photovoltaic device can be fabricated in an ambient environment and does not need significant processing.