To achieve a high reliable and energy-saving green communication, we investigate a multisource simultaneous wireless information and power transfer (SWIPT)-based coded cooperation where the relay can realize information decoding and energy harvesting. Firstly, a class of naturally rate compatible low-density parity-check (LDPC) codes–quasi-cyclic repeat-accumulate (QC-RA) codes is introduced, and the joint parity-check matrix corresponding to the QC-RA codes employed by the multiple sources and relay is deduced. Based on the joint parity-check matrix, we jointly design the QC-RA codes to cancel all the short girth cycles. Then, by exploiting the rate compatible characteristic of QC-RA codes, we propose a new SWIPT protocol—codeword splitting protocol for the proposed system, which has the characteristics of lower complexity, higher efficiency, no strictly bit synchronization limitation, and less hardware requirement. The results show that the bit error rate (BER) performance of the proposed system employing jointly designed QC-RA codes clearly outperforms that of general RA codes. Theoretical analysis and numerical simulations also demonstrate the superiority of the proposed codeword splitting protocol.