-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 sTMScGhQnRHAmyVHQtpeaw==

<SEC-DOCUMENT>0000912282-10-000373.txt : 20100319
<SEC-HEADER>0000912282-10-000373.hdr.sgml : 20100319
<ACCEPTANCE-DATETIME>20100318192455
ACCESSION NUMBER:		0000912282-10-000373
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100319
DATE AS OF CHANGE:		20100318
EFFECTIVENESS DATE:		20100319

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US GEOTHERMAL INC
		CENTRAL INDEX KEY:			0001172136
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				841472231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-42538
		FILM NUMBER:		10692743

	BUSINESS ADDRESS:	
		STREET 1:		1505 TYRELL LANE
		CITY:			BOISE
		STATE:			ID
		ZIP:			83706
		BUSINESS PHONE:		208-424-1027

	MAIL ADDRESS:	
		STREET 1:		1505 TYRELL LANE
		CITY:			BOISE
		STATE:			ID
		ZIP:			83706
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001172136</cik>
        <entityName>US GEOTHERMAL INC</entityName>
        <issuerAddress>
            <street1>1505 TYRELL LANE</street1>
            <city>BOISE</city>
            <stateOrCountry>ID</stateOrCountry>
            <zipCode>83706</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>208-424-1027</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <lastName>Kunz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Doug</firstName>
                <lastName>Glaspey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kerry</firstName>
                <middleName>D.</middleName>
                <lastName>Hawkley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>Kitz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <lastName>Cline</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Walker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Larkin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Leland</firstName>
                <lastName>Mink</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Energy</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-03-08</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Shares of Common Stock and Common Stock Purchase Warrants</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>RBC Capital Markets Corporation</recipientName>
                <recipientCRDNumber>31194</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Three World Financial Center</street1>
                    <street2>200 Vesey Street</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10281</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Dundee Securities Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1 Adelaide Street East, 4th Floor</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5C2V9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Clarus Securities Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Exchange Tower, 130 King Street</street1>
                    <street2>Suite 3640</street2>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5X1A9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Baird Financial Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Robert W. Baird &amp; Co. Incorporated</associatedBDName>
                <associatedBDCRDNumber>8158</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>777 East Wisconsin Avenue</street1>
                    <city>Milwaukee</city>
                    <stateOrCountry>WI</stateOrCountry>
                    <zipCode>53202</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>14058798</totalOfferingAmount>
            <totalAmountSold>8619995</totalAmountSold>
            <totalRemaining>5438803</totalRemaining>
            <clarificationOfResponse>Total offering includes amount which may be received by Issuer upon exercise of warrants.  Each warrant may be exercised for one common share at a price of $1.25 per share, subject to adjustment, for a period of 5 years from September 16, 2010.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>27</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>517200</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>In addition to cash, the agents also received broker warrants exercisable for up to a total of 246,285 shares of common stock at a price of $1.25 per share, subject to adjustment, for a period of 5 years from September 16, 2010.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>US GEOTHERMAL INC</issuerName>
                <signatureName>/s/ Kerry D. Hawkley</signatureName>
                <nameOfSigner>Kerry D. Hawkley</nameOfSigner>
                <signatureTitle>Chief Financial Officer and Secretary</signatureTitle>
                <signatureDate>2010-03-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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