A geothermal heat utilization system (10) includes a pumping well (20), a water injection well (30), a pipe (13) having two ends which are immersed in water stored in the pumping well (20) and the water injection well (30) so as to connect the pumping well (20) and the water injection well (30) to each other, a pump (21) and a pump (31) which are respectively provided inside the pumping well (20) and the water injection well (30) and pump up stored water through the pipe (13), a valve (25) and a valve (35) which are respectively provided on a pressurization side of the pump (21) inside the pumping well (20) and a pressurization side of the pump (31) inside the water injection well (30), and a heat exchanger (14) which is configured to exchange heat with the pipe (13).