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Using wholesale electricity prices for 2008 to 2009, and the current 0.5% efficiency of power beaming, a space elevator would require US$220/kg just in electrical costs. Dr. Edwards expects technical advances to increase the efficiency to 2%.or a space elevator, the cost varies according to the design. Bradley C. Edwards received funding from NIAC from 2001 to 2003 to write a paper, describing a space elevator design.
The national average to install an elevator or chairlift is $4,406, with most homeowners spending between $2,687 and $6,125. However, total cost can increase significantly depending on the location and type of home. A large hydraulic elevator hidden behind a wall can cost as much as $75,000. Multilevel homes can benefit from either option. They serve to increase the total value of the property and make it more accessible for residents.