The invention discloses a low-cost energy storage luminescent paint and a preparation method thereof. The low-cost energy storage luminescent paint is prepared from, by weight, 30-50 parts of silicondioxide microspheres, 2-3 parts of a coupling agent, 20-30 parts of luminous powder, 10-25 parts of polyvinyl alcohol, 15-25 parts of an acrylic acid emulsion, 10-20 parts of a styrene-acrylic emulsion, 0.5-1 part of a wetting agent, 1-5 parts of dihydroxypropane, 0.1-0.2 part of an antifoaming agent, 0.05-2 parts of a dispersing agent, 0.2-0.5 part of talcum powder, 0.1-0.5 part of a water repellent, 0.1-0.5 part of a coalescing agent, 0.1-0.5 part of a thickening agent, 0.1-0.5 part of a pH adjuster and 10-15 parts of water. The low-cost energy storage luminescent paint and the preparation method thereof have the advantages that fluorescent powder is embedded in the silicon dioxide microspheres, and the surfaces of the silicon dioxide microspheres are modified with the polyvinyl alcohol,so that not only is the luminous efficiency of the fluorescent powder improved, but also the stability of the fluorescent powder is improved, the service life and lighting time of the paint are prolonged, the environmental friendliness is achieved, the brightness of the coating is high, the persistence time is long, the adhesion and corrosion resistance are good, and the application prospects aregood.