The invention discloses a heat supply and refrigeration system combining spatial energy with ground source energy, which comprises a heat collector, a heat storage water tank group, an air energy machine set, an expansion tank, a lithium bromide absorption type refrigerating unit, an auxiliary heating device, a climatic conditioning cabinet, a ground heating cooling system, a water pipe, a temperature control pump, a temperature control exhaust valve, a ground source hot water supply pipe and a water pump, wherein two hot water collection tanks A and B are arranged at the top part of the heat collector, and the ground source hot water is preferably used as water supply of the heat collector in winter. The water tank A is matched with air energy to provide circular hot water for ground heating radiation in winter and is matched with the auxiliary heating device to provide heat medium water to a solar refrigeration air conditioner in summer, the air energy machine set is matched with the ground source energy to refrigerate in summer, and the water tank B is used for providing domestic hot water for a long time. The heat supply and refrigeration system disclosed by the invention is smart in design, novel in conception, simple in structure and low in manufacturing cost, and solves the problem that a solar water heater and an air energy water heater cannot provide hot water if affected by weather, realizes the purposes of supplying heat in winter and refrigerating in summer and circularly utilizes the hot water with afterheat, so as to provide domestic hot water and high temperature hot water for 24 hours in the whole year of 365 days, so that the heat supply and refrigeration system achieves the social benefit of energy conservation and environment protection and the economic benefit of cost reduction.