The invention relates to a method for recovering silicon carbide, high-purity silicon and dispersion liquid from silicon material linear cutting waste mortar, which is characterized in that the solid and liquid separation on the waste mortar is carried out, recovered dispersing agents are obtained after the liquid is refined, solid is washed by water for further removing residual dispersing agents, then, flotation liquid is used for carrying out floatation for many times, crude silicon carbide and crude silicon powder are separated, the recovered silicon carbide is obtained after the crude silicon carbide is refined, the crude silicon powder is treated through acid cleaning, drying, melting, plasma refining, vacuum refining, unidirectional solidification and the like, and the solar grade polysilicon is obtained. The method has the advantages that the important indexes such as the viscosity, the acid-base degree and the like of the recovered dispersing agents are more similar to those of the novel dispersing liquid, more cutting capability of the silicon carbide can be recovered after the silicon carbide is subjected to the silicon corrosion treatment, metal impurities in high-purity silicon powder are removed, an important index of the phosphorus and boron content of the solar grade silicon is reduced to a value conforming to the solar grade silicon requirements that the phosphorus is lower than 0.01 ppmw and the boron is lower than 0.16ppmw, and the attenuation of the photoelectric conversion efficiency is greatly reduced after solar batteries are made.