---

Exhibit 31.2

U.S. GEOTHERMAL INC. AND SUBSIDIARIES

CERTIFICATIONS

I, Kerry D. Hawkley, Chief Financial Officer of U.S. Geothermal
  Inc. (the Company) certify that:

|1. | I have reviewed this annual report on Form
        10-KSB of the Company;                                                                                                                                                                                                                                                                               
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                         
|2. | Based on my knowledge, this annual report
        does not contain any untrue statement of a material fact or omit to state
        a material fact necessary to make the statements made, in light of the
        circumstances under which such statements were made, not misleading with
        respect to the period covered by this annual report;
|   |                                                                                                                                                                                                                                                                                                                                                         
|3. | Based on my knowledge, the financial statements,
        and other financial information included in this annual report, fairly
        present in all material respects the financial condition, results of operations
        and cash flows of the Company as of, and for, the periods presented in
        this annual report;                      
|   |                                                                                                                                                                                                                                                                                                                                                         
|4. | The Companys other certifying officer
        and I are responsible for establishing and maintaining disclosure controls
        and procedures (as defined in Exchange Act Rules 13a- 15(e) and 15d-15(e))
        for the Company and we have:                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                         
|   | a.                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                         
|   | b.                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                         
|   | c.                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                         
|   | d.                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                         
|5. | The Companys other certifying officer
        and I have disclosed, based on our most recent evaluation of internal
        control over financial reporting, to the Companys auditors and the
        audit committee of the Companys board of directors (or persons performing
        the equivalent functions):                                  

---

| | a. | all significant deficiencies and material weaknesses
        in the design or operation of internal control over financial reporting
        which are reasonably likely to adversely affect the Companys ability
        to record, process, summarize and report financial information; and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                               
| | b. | Any fraud, whether or not material, that involves management
        or other employees who have a significant role in the Companys internal
        control over financial reporting.                                                                                                       

Date: June 28, 2006

/s/ Kerry D. Hawkley
  Kerry D. Hawkley 
  Chief Financial Officer

---