Laser skin tightening is a common procedure for lower eyelids with mild to moderate skin excess. The standard for upper lid skin is surgery to excise the extra skin. It must be kept in mind that lasers are good for mild and sometimes moderate wrinkles but have have minimal effect on coarse wrinkles or loose/hanging skin. In these cases, surgery is usually the best option.
Laser skin tightening is frequently performed for lower eyelid tightening, but is not the standard for upper lids. Upper blepharoplasty (skin excision, or skin + fat excision) is usually preferred for what you describe. While blepharoplasty is a surgery, and thus, more invasive than laser treatment, downtime is minimal and scarring is generally insignificant.