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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.
One of the safest designs, a hydraulic elevator requires more installation, which may cost $20,000 to $30,000. Your home needs a pit, a machine room, and an interior or exterior hoistway for a hydraulic elevator, and in preparation, you may need to contact an architect to draw up plans.ow much does a residential elevator cost? In general, the fixture of a cab and hoistway can run from $15,000 to $100,000. Several factors go into the overall cost of purchasing and installing a residential elevator.