The invention discloses a multifunctional frost-free solar-assisted heat pump system which comprises a refrigerant loop, a first secondary refrigerant loop, a second secondary refrigerant loop and a domestic hot-water bypass. The refrigerant circulating system of the invention comprises a compressor, a refrigerant stop valve, a four-way valve, a first one-way stop valve, a second one-way stop valve, a first throttling element, a second throttling element, a high-pressure liquid storage tank and a gas-liquid separator which are connected in sequence; the first secondary refrigerant loop comprises a first secondary refrigerant tank, a first secondary refrigerant pump and an indoor heat exchanger which are connected in sequence; the second secondary refrigerant loop comprises a second secondary refrigerant tank, a second secondary refrigerant pump, a cooling tower, a solar heat collector, a first secondary refrigerant stop valve, a second secondary refrigerant stop valve, a third secondary refrigerant stop valve and a fourth secondary refrigerant stop valve. The invention thoroughly solves the problems that the conventional cold / hot water heat pump and air-cooled heat pump can be frosted in winter, therefore, the invention is particularly suitable for places which are rich in solar-energy resources and in need of numerous cooling / heating air-conditioners and hot-water supply at the same time.