Ultra-thin films of subphthalocyanine (SubPc) were grown onto Si/SiO2 substrates by organic molecular beam deposition and the complex refractive index has been characterized by spectroscopic ellipsometry. The peak maximum in the extinction coefficient is determined to be 1.6 at 590 nm and the dielectric constant equals 3.9 in the limit of long wavelength. These values are extraordinary high when compared to the well-known metal-phthalocyanines and will be beneficial for the performance in a photovoltaic cell. The amorphous SubPc structure on top of indium-tin-oxide (ITO) as well as quartz glass is imaged by atomic force microscopy and scanning electron microscopy and we have characterized the nearly flat surface topology. Next, subphthalocyanine films in combination with buckminsterfullerene (C-60) have been studied in a planar bilayer donor/acceptor hetero-junction by current density-voltage characterization under AM 1.5 simulated illumination at various light intensities. A power conversion efficiency of 3.0 % under 1 sun was measured. Finally, the external and internal quantum efficiencies demonstrated peak maxima at 590 nm of 46 % and 55 %, respectively. Considering the abrupt junction at the donor/acceptor interface, the electron transfer from SubPc to the acceptor material is thus determined to be highly efficient.