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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.
In Los Angeles County, permit fees will add to the cost of a home elevator in the cities of Los Angeles, La Canada-Flintridge and Manhattan Beach. A standard-size elevator is 12 to 15 square feet, and a mid-size is 15 to 18 square feet. Some luxury homes will have even larger commercial elevators or more than one lift. With so many variables, costs can range from $25,000 to $125,000 or more to add an elevator to an existing house. Hoping to tap into the growing demand for design-oriented elevators, Elevator Boutique of Australia opened a showroom this year in the Pacific Design Center in West Hollywood.