Carbon nanomaterials in organic photovoltaic (OPV) cells have attracted a great deal of interest for the development of high-efficiency, flexible, and low-cost solar cells. Due to the complicated structure of OPV devices, the electrical properties and dispersion behavior of the carbon nanomaterials should be controlled carefully in order for them to be used as materials in OPV devices. In this paper, a fundamental theory of the electrical properties and dispersion behavior of carbon nanomaterials is reviewed. Based on this review, a state-of-the-art OPV device composed of carbon nanomaterials, along with issues related to such devices, are discussed.