The invention provides a solar heat accumulation pipe and a machining method thereof. The solar heat accumulation pipe comprises a solar vacuum glass collector pipe, a heat accumulation pipe, a heat accumulation pipe retraction ring, a heat accumulation pipe retraction conical face, a heat exchanging pipe, a guide pipe, a water outlet pipe, a water inlet pipe, a thermal insulation layer and a shell, wherein the heat accumulation pipe is disposed in the solar vacuum glass collector tube and filled with phase change heat accumulation material, the heat exchanging pipe is disposed in the heat accumulation pipe, the guide pipe is disposed in the heat exchanging pipe, the heat exchanging pipe is connected with the water outlet pipe, the water inlet pipe is disposed in the water outlet pipe, the thermal insulation layer is disposed outside the water outlet pipe, the shell is disposed outside the thermal insulation layer, the heat accumulation pipe comprises a heat accumulation pipe body, the heat accumulation pipe retraction ring and the heat accumulation pipe retraction conical face, the heat accumulation pipe retraction ring is disposed at one end of the heat accumulation pipe body and connected with a heat accumulation pipe retraction body, and the heat accumulation pipe retraction conical face is connected with the heat accumulation pipe retraction ring. The invention further provides a machining method of the solar heat accumulation pipe. The solar heat accumulation pipe is simple in structure, high in safety performance, long in service life and high in production efficiency.