[6,6]-Phenyl-C-61-butyric acid methyl ester (PC60BM) is the widely used acceptor material in polymer solar cells (PSCs). Nevertheless, the low LUMO energy level and weak absorption in visible region are its two weak points. For enhancing the solar light harvest, the soluble C-70 derivative PC70BM has been used as acceptor instead of PC60BM in high efficiency PSCs in recent years. But, the LUMO level of PC70BM is the same as that of PC60BM, which is too low for the PSCs based on the polymer donors with higher HOMO level, such as poly (3-hexylthiophene) (P3HT). Here, a new soluble C-70 derivative, indene-C-70 bisadduct (IC(70)BA), is synthesized with high yield of 58% by a one-pot reaction of indene and C-70 at 180 degrees C for 72 h. The electrochemical properties and electronic energy levels of the fullerene derivatives are measured by cyclic voltammetry. The LUMO energy level of IC(70)BA is 0.19 eV higher than that of PC70BM. The PSC based on P3HT with IC(70)BA as acceptor shows a higher V-oc of 0.84 V and higher power conversion efficiency (PCE) of 5.64%, while the PSC based on P3HT/PC60BM and P3HT/PC70BM displays V-oc of 0.59 V and 0.58 V, and PCE of 3.55% and 3.96%, respectively, under the illumination of AM1.5G, 100 mW cm(-2). The results indicate that IC(70)BA is an excellent acceptor for the P3HT-based PSCs and could be a promising new acceptor instead of PC70BM for the high performance PSCs based on narrow bandgap conjugated polymer donor.