An inexpensive energy monitoring device and method for measuring energy usage and power costs in real time. The invention can include an external type digital battery powered camera that can be mounted away from and adjacent to the outdoor utility meter on a rotatable arm, which can send data signals to remote locations indoors using wireless such as an RF signal to a detector/display inside the residence. The indoor unit can be programmed to display desirable energy status information to a home owner on power usage and power costs on a daily bases, monthly bases, and yearly bases so that the home owner can budget energy usage and energy costs as needed. A shield can also be used with device and method for shielding power meters from adverse weather conditions.