Positively and negatively charged functionalized polythiophenes and single walled carbon nanotubes were sequentially adsorbed on indium tin oxide electrodes by electrostatic and van der Waals interactions using the layer-by-layer deposition method. The resulting donor/acceptor photoelectrodes were tested as photoelectrochemical cells. Upon illumination, monochromatic incident photoconversion efficiencies of 8.2 and 4.3% were determined for eight stacks of single walled carbon nanotubes with ammonium and sulfonate polythiophene derivatives, respectively.