The most enlightening comment there was the one that contained this:
"Still I ended up north of $3k for hardware, and several hundred projected work-hours. A lot of the cost comes from needing 50-100 transducers to get a useable image."
https://news.ycombinator.com/item?id=13231831
So you can make a very low cost one, but you trade off what use cases it's good for.