a typical power price at trading hubs is US$40 per megawatt hour, though this varies considerably depending on many factors and is sometimes actually negative
a typical retail price is US$120 per megawatt hour
so this is about US$10 worth of electrical energy
You don't need to use efficient lasers to get the scientific results they're after - other people have already very accurately measured the properties of modern lasers, so we can predict how they would perform without having to actually use them.
Upgrading the lasers would slow the project down as new hardware is installed and issues are worked out. Not to mention I doubt the new hardware is cheap, and may be more expensive than burning excess energy using old laser tech in the meantime.
Other research groups work on laser efficiency, and the "final product" using this method (if it ever proves viable) would put together all the best pieces to get the best efficiencies.