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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.
More extensive home elevator installation can run from $20,000 to $30,000, and for a hydraulic elevator, multiple procedures are factored into this cost. Considered one of the safer designs for home elevators, hydraulic models need a pit and machine room created and need an exterior or interior hoistway constructed.lick Here to Get a Quote! Upkeep is a long-term cost for home elevators. Many areas require permits for home elevators to be purchased, and one may cost from $200 to $1,000. Inspections, as well, should be done yearly in many areas, and these, too, are part of the cost of owning a home elevator.