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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.
According to Jay Romano, in the New York Times, the average cost of a residential elevator installation is $15,000. This sort of elevator, a 15 square foot hydraulic elevator of average design in a pre-existing home, would be able to manage weights of 500 to 1,000 pounds and rise around 50 feet in total distance.