The invention discloses a preparation method of a silicon carbide N-channel bipolar power device, and belongs to the field of semiconductor devices. According to the method, firstly, a P+ epitaxial layer, an N+ buffer layer and an N- drift layer are sequentially grown on an N-type silicon carbide substrate, secondly, a carrier lifetime prolonging process, a device front MOS preparation process, a device back substrate thinning process and a laser annealing process are introduced on an epitaxial wafer, and finally the preparation of the silicon carbide N-channel bipolar power device is achieved. According to the method, by introducing the carrier lifetime prolonging process, the conductivity modulation effect of the bipolar power device is enhanced, and the specific on-resistance and the conduction loss of the device are effectively reduced. Meanwhile, the method not only avoids the adoption of a high-resistance P-type silicon carbide substrate material, but also has the advantages that the front preparation process of the device is compatible with the preparation process of an MOSFET device, the cost is saved, the risk is smaller, and the industrial preparation is easier.