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The inverted polymer solar cell (PSC) based on a sol–gel derived zinc oxide (ZnO) thin film as an electron selective layer is investigated. The device performance is improved after the fabricated device is placed in air for a few days. The improvement is attributed to the self-organization of the poly(3-hexylthiophene)/[6,6]-phenyl-C₆₁-butyric acid methyl ester layer and oxidation of the silver electrode with time, resulting in a significant enhancement in the short circuit current, fill factor and open circuit voltage. The investigation shows that the inverted PSC based on ZnO thin film exhibits a high efficiency of 3.8% on the 6th day after fabrication without the use of poly(3,4-ethylene dioxythiophene):poly(styrene sulfonate) and encapsulation.