Based on double cermet layer structure, Mo-Al2O3 cermet solar selective coating was prepared on stainless steel substrate. A solar absorptance of 0.92 and normal emittance of 0.19 at room temperature have been achieved. Vacuum annealing treatment was done and its influences on the solar selective performance was discussed. Absorptance changed between 0.90 and 0.92 under the selected annealing temperature range of 350-800°C, and emittance varied from 0.19 to 0.23 when heated at 650°C. The microstructures before and after annealing process at different temperatures were investigated.