I have light skin and dark hair, so laser was the better option. Right now, I'm half way through a 2-year treatment regiment that was quoted at $3200, but I was given a discount. It came to $2400. I made a $500 deposit then monthly $200 payments with my last payment being $300.
The results have been fantastic. I now need a minimum of makeup to hide what's left of my beard shadow. If you have light skin and dark hair, and can afford it, I'd recommend laser.