Staffordshire Sunny Schools project are hoping to raise £880,000, by selling shares to locals for a fair financial return of around 10% to fit solar panels on the school rooftops.
The money will be used to have the panels fitted, and therefore benefit from lower energy bills, together with a sustainability education programme for over 15,000 children.
A previous fundraising effort raised enough cash for 3 schools to install solar panels, with one of the schools installing a digital display showing the children how much energy is being used.
Named the largest community school fund raising scheme to date, it has received a £20,000 loan from business charity Pure Leapfrog.
Jeremy Lefroy, MP for Stafford said: Students will benefit, as their schools should be able to invest in other areas rather than on their electricity bills. Local residents will benefit, not just as council tax payers but with the opportunity to invest and we all benefit with the advantages this whole project has for the environment.
The Government launched a community energy strategy this week, to drum up support for similar energy schemes.