Banggood sells a "desktop" laser engraver for ~$350 rye. It uses a 1.5W blue laser, which I'm sure you could buy separately, and they claim if can cut through foam and paper, though it can only engrave into wood so making firewalls a control horns, etc, would probably not happen.
Just my 2 cents as I have no clue on any of this. I would much rather build a cnc mill capable of cutting foam for $150 than a laser cutter as it is more versatile in what you can cut and a cheap dremel tool is like $25 from harbor freight.