People who are interested in joining the program can register on the government's virtual power plant website, which has already seen more than 4,000 sign-ups, according to a statement from South Australia Premier Jay Weatherill. The project was initiated via Twitter as a bet (which proved successful), with Musk promising the system "100 days from contract signature or it is free".
"More renewable energy means cheaper power for all South Australians", Mr Weatherill said.
Data from Frontier Economics suggests the 250-megawatt system could lower household bills by as much as 30 percent. The SA government is also seeking additional funding from private investors. The system would be funded in part by revenues from electricity, which would not belong to the owners of the homes where the systems were installed.
The Tesla partnership with the South Australian government has been a headline-making one, and both groups now have a new idea to use solar energy. Grimes, for one, noted that the construction of the virtual power plant would place the country at the forefront of the green revolution in technology. South Australia is a world leader on solar, storage and action on climate change, with world-leading renewable energy and emission reduction targets.
As part of a four-year project, solar panels will be supplied and installed in the largest project of its kind.
Social Housing Minister Zoe Bettison acknowledged the coordinated virtual power plant would help the most vulnerable, as it would "take pressure" off the day-to-day household budget. After the trial phase, mass installations for the remainder of the virtual power plant will begin, with the target date for the project's completion set for June 2022. And the Tesla Solar Roof averages $52,000 for the average home.