Novel tetrabenzocorrolazine green photosensitizer was designed and synthesized to enhance the solar energy-to-electricity conversion efficiency of dye-sensitized solar cells. This near-infrared absorbing dye exhibited superior short-circuit photocurrent density induced from the additional absorption compared to the phthalocyanine dye commonly applied as a photosensitizer covering the near-infrared region in dye-sensitized solar cells. The introduction of bulky peripheral groups and axial substituents to the novel dye led to the increase of open-circuit photovoltage. As a result, the novel tetrabenzocorrolazine dye achieved a solar energy-to-electricity conversion efficiency of 3.78% under AM 1.5G conditions which was much higher than that of the phthalocyanine reference dye.