Conductive asphalt concrete with high thermal conductivity has been proposed to improve the solar energy collection and snow melting efficiencies of asphalt solar collector (ASC). This paper aims to provide some insight into choosing the basic materials for preparation of conductive asphalt concrete, as well as determining the evolution of thermal characteristics affected by environmental factors. The thermal properties of conductive asphalt concrete were studied by the Thermal Constants Analyzer. Experimental results showed that aggregate and conductive filler have a significant effect on the thermal properties of asphalt concrete, while the effect of asphalt binder was not evident due to its low proportion. Utilization of mineral aggregate and conductive filler with higher thermal conductivity is an efficient method to prepare conductive asphalt concrete. Moreover, change in thermal properties of asphalt concrete under different temperature and moisture conditions should be taken into account to determine the actual thermal properties of asphalt concrete. There was no noticeable difference in thermal properties of asphalt concrete before and after aging. Furthermore, freezing–thawing cycles strongly affect the thermal properties of conductive asphalt concrete, due to volume expansion and bonding degradation.