Warrington Borough Council has put forward plans for a Community Municipal Bond (CMB) scheme to help deliver a new solar farm.
If approved, the council will issue a CMB to fund up to £10m of the Cirencester project.
Members of the public will be able to invest in the scheme via a crowdfunding platform and receive a percentage return on their investment.
Council leader, Cllr Russ Bowden, said: 'We have recently seen much emphasis being put on the need for climate-friendly stimulus policies to reboot economies in the wake of the coronavirus crisis. In Warrington, we remain committed to delivering a carbon neutral future, while doing all we can to protect our vital services now and in the future.
'The proposed Community Municipal Bond scheme would allow people to invest directly with us to help build a greener and more prosperous future for the borough. As such, it would give residents and community groups a fantastic opportunity to make a sound, social investment, while supporting our work to address the climate change emergency we all face.'