A thermoelectric module 2 constituting an exhaust heat recovery system has p-type semiconductors 3p and n-type semiconductors 3n which both constitute thermoelements 3 for converting a difference in temperature between high temperature side end portions 21 and low temperature side end portions 22 into electricity. The thermoelectric module 2 is constructed such that the n-type semiconductors 3n and the p-type semiconductors 3p are stacked alternately along a longitudinal direction of an exhaust pipe portion 20 with heat insulating support portions 41, 42 being interposed therebetween, and the n-type semiconductors 3n and the p-type semiconductors 3p are electrically connected to each other via electrode members at the high temperature side end portions 21 and the low temperature side end portions 22.