By the heat flow meter method, the thermal conductivity of reinforced concrete was experimental studied for the energy conservation design of reinforced concrete composite wall as building envelop. The steel bars were arranged as horizontal one-way, horizontal two-way and vertical in the reinforced concrete plates with different reinforcement volume ratio. Based on the test results, the effects of arrangement of steel bar and reinforcement volume ratio on thermal conductivity of reinforced concrete were analyzed. It can be concluded that the thermal conductivity of reinforced concrete was higher than that of concrete and increased with the reinforcement volume fraction, the steel bars in horizontal two-way arrangement brought the reinforced concrete with greater thermal conductivity than that in one-way arrangement, the vertical steel bar made the reinforced concrete with significantly higher thermal conductivity. The series-parallel model and parallel-series model are proposed for predicating the thermal conductivity of reinforced concrete with horizontal steel bars.