Structure Insulated Panel (SIP) is an wooden structure material with which structure and insulation functions are satisfied. Hence, it would be a cost-effective model to implement low energy house which has higher insulation and structure performance and which the wall thickness is able to be reduced. In this study, performance of thermal insulation and fire resistance were evaluated in order to verify applicability to low energy house. Fire resistance test is performed on vertical load bearing members for partitions, and the test results satisfy one hour of fire resistance condition according to KS F 2257. The members include two layers of fireproof gypsum board with thicknesses of 12.5mm attached to SIP. Thermal insulation performance is satisfied with the 2012 standard (0.225W/㎡·K). As the performance of resistance and thermal insulation are satisfied, SIP is expected to be applied to low energy building materials. In the future, the structural safety will be confirmed by structural performance and seismic performance test and the guidelines for distribution will be drawn up.