In this work, the development of solution-processed bulk heterojunction hybrid solar cells based on CdSe quantum dot (QD) and conjugated polymer poly[2,6-(4,4-bis-(2-ethylhexyl)-4H-cyclopenta[2,1-b;3,4-b] dithiophene)-alt-4,7-(2,1,3-benzothiadiazole)], PCPDTBT was performed. The photoactive layer was formed by integrating CdSe QDs onto multiwalled carbon nanotubes (CNTs). A simple method of thiol functionalization in the interface CNTs and CdSe QDs has been investigated. Integration of CNTs enhances long-term performance of solar cells devices. Initial PCE values of about 1.9 % under AM1.5G illumination have been achieved for this hybrid CNT-CdSe photovoltaic device. In addition, the long-term stability of the photovoltaic performance of the devices was investigated and found superior to CdSe QD only based devices. About 84 % of the initial PCE remained after storage in a glove box for one year without any further encapsulation. It is concluded that the improvement is mainly due to a strong binding between thiol functionalized CNTs and CdSe QDs, resulting preservation of the nanomorphology of the hybrid film over time.