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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.
So, for the purpose of this discussion we will consider the needs and costs of installing a 15 square foot hydraulic elevator of average design, in a pre-existing home, which would adhere to the average pricing of $15,000 to $16,000 for the project.