This paper investigates the effect of applying static and dynamic magnetic fields on the deposition of Fe-Cu compound on the working electrode of a dye-sensitized solar cell. The deposition of this compound on glass is complicated due to the fact that it cannot be evaporated or sintered beyond the dissociation temperature of 973 K (700 °C), and the doctor blade technique causes detrimental layer inconsistencies. The Fe-Cu compound is relatively easy to produce and is significantly cheaper and more absorptive (>81 pct) in the Vis–NIR than the standard TiO2 mesoporous material used for solar cells. It also behaves as a semiconductor due to the high diffusion of the Fe into the Cu lattice that a bandgap of 1.8 eV is obtained. The use of a Schiff base dye with a compatible bandgap of 1.68 eV is used as a sensitizer for the production of a test cell that generated more photocurrent than its TiO2 counterpart, which is a promising result for an alternative mesoporous layer in solar cells.