Yes but it is very expensive. Here's some more on bats[0] (mentions expensive echolocation around 5:45 and moving from sonic location to echolocation evolution). Eyes do also convey more information. You can get colors in addition to depth and shape and that's a good reason and easy path for eyes to develop since light sensing is a pretty easy thing to develop. Also, bats aren't blind, despite common belief.
[0] https://www.youtube.com/watch?v=zWeYCULC0UQ