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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: July 12, 2005                             | 
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|                                                | 
|/s/
      Kerry D. Hawkley                      | 
|Kerry D. Hawkley 
      Chief Financial Officer | 

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