Owens Corning (NYSE: OC) and Solexel have been awarded $13 million in funding from the United states Department of Power (DOE) for tasks which will assist shape the following generation of solar power systems. The funding is part of the DOE’s SunShot Initiative which seeks to make solar energy systems cheaper and sustainable for property owners.

“Owens Corning is excited about the possible to develop game-changing technologies that addresses house owner need for dependable, high-performance, inexpensive and sustainable roofing solutions,” stated Sheree Bargabos, president, Owens Corning Roofing. “We have already been monitoring photo voltaic roofing as a potential market exactly where we could offer value for our clients. This really is a distinctive opportunity to make the technology related for the broader market that might have already been interested but never considered it a feasible option due to price.”

Using the prospect of the DOE funding, there’s great chance to integrate Solexel’s technology into solar roofing options that are inexpensive, aesthetically stunning, and easy to install. Solexel’s technology leadership coupled with Owens Corning’s roofing market leadership presents the business with the opportunity to revolutionize residential roofing.