The invention relates to a solar heat- reflective insulating varnish, belonging to coating technology field. When it is coated on the surface of glass, it can insulate heat and maintain glass transparency. The invention aslo provides the preparation method. The comprised raw material and proportion by weight are as follows: film forming matter 35-45, inorganic oxidant 10- 15, levelling agent 0.5- 1, defoaming agent 0.3- 0.5, silane coupling agent 1- 5, and mixing solvent 33.5- 53.2. The varnish is characterized by heat resistance, water resistance, acid and alkali resistance, high reflecting solar heat, good light transmission rate, low cost, energy- saving, and suitability to be used for building galss, car glass, solar house heating, incandescent lamp lighting and refrigerator glass. The preparation process and device is easy and simple and is suitable for industrial production.