Background: An Internet of Things (IoT) based iPower Saver Meter which steps toward monitoring the total amount of power consumed by the domestic appliances. There by notifying the beneficiary a detail wise power consumption of appliances. Additionally provides, a configurable interface for user to limit the usage of high power consuming devices, such as Washing Machine, Air conditioner, etc. This facilitates user to set the timer on those appliances as per their affordability to check bulky increase in electricity bill. Methods: The sensing environment of the smart system is built upon BeagleBone Black board. The hardware environment is integrated with an IoT Platform called Xively and a secure web templates are designed using Flask interface. Findings: This platform yields a calibrated measurement of the power usage hence enabling the user to easily track down, by simply logging into Xively, the power consumption of every appliance and the current bill drawn from the usage. Conclusion/Improvements: The proposed intelligent power savor meter not only rectifies the inclining problem by providing a specified domain of power to be put under utility but also keeps a cautious vigilance over the area by turning offthe devices which is running needlessly thereby saving surplus amount of wastage power.