The invention relates to a method and device for extracting and using a secondary side harmonic wave of a distribution transformer, and belongs to the technical field of power. The method comprises the steps: harmonic monitoring and analysis, harmonic separation and extraction, and harmonic recycling; the analysis and processing of a harmonic wave are carried out in a power distribution network at the step of harmonic monitoring and analysis, so that a technician adjusts related parameters. The step of harmonic separation and extraction comprises two steps: separation and extraction. The resonance filtering principle of a passive power filter is employed in the step of separation, so as to separate a characteristic subharmonic from a power circuit; the coupling principle of a mutual induction coil is employed for the step of extraction, so as to lead a harmonic current to a subsequent circuit for extraction. The harmonic current is converted into DC electric energy for storage at the step of harmonic recycling, thereby achieving the recycling of the harmonic electric energy. According to the invention, the method and device enable the harmonic electric energy to be separated, extracted and stored, can reduce the impact on a power grid from harmonic, improve the quality of electric energy, achieve the complete use of the electric energy, and are of great significance to the energy-saving and loss-reducing research.