Traditional modal testing has difficult accurately identifying the ultralow-frequency modes of flexible structures. Ultralow-frequency excitation and vibration signal acquisition are two main obstacles. Aiming at ultralow-frequency modal identification of flexible structures, a modal testing method based on Digital Image Correlation method and Eigensystem Realization Algorithm is proposed. Considering impulse and shaker excitation are difficult to make generate ultralow-frequency vibration of structures, the initial displacement is applied to the structure for excitation. The ultralow-frequency accelerometer always has a large mass, which will change the dynamics performance of the flexible structure, so a structural vibration response was obtained through the Digital Image Correlation method. After collecting the free-decay vibration signal, the ultralow-frequency mode of the structure was identified by using the Eigensystem Realization Algorithm. Ground modal tests were conducted to verify the proposed method. Firstly, a solar wing structure was adopted, from which it was concluded that the signal acquisition using Digital Image Correlation method had high feasibility and accuracy. Secondly, an ultralow-frequency flexible cantilever beam structure which had the theoretical solution was employed to verify the proposed method and the theoretical fundamental frequency of the structure was 0.185 Hz. Results show that the Digital Image Correlation method can effectively measure the response signal of the ultralow-frequency flexible structure, and obtain the dynamics characteristics.