There is not much to this. A protoshield, the arduino, and a breadboard. Note the current transformer (donut). I have two of those to use in the panel.
The first test was to plugging in a 60 W lamp to see what the measurement came too. I expected around 0.5 Amps and 60 watts. I was not disappointed. I proceeded to plug in a toaster and put the ammeter in the circuit to see if my RMS current matched its RMS measurement. The photo below shows a .4% error. Not bad. Note the drop in the line voltage.
In Canada, the nominal line voltage is 120Vrms. I do measure the voltage as part of my power calculations and when I saw the 113 V I checked with the multi-meter and it read the same. Assuming a 120 V reference would lead to errors in the power calculations. I should not be running a toaster outside my 20Amp line in the kitchen. I created a suicide cord that threads through the current transformer and is basically an extension cord. It plugs into a 15Amp line with other loads. 120 down to 113 is just over a 5% difference from the nominal line voltage. I am trying to rationalize why such a large dip. Anyway, the power measurement works.
Crest Factor
The crest factor is the the ratio between peak and RMS signals. I do compute that and it gives me an idea on the shape of the waveform. A sinewave should have a crest factor of 
I plugged in a variable speed drill and ran it a low RPM. As expected, the power factor went down to .27 with most of the power becoming reactive at 104 vars. The real power was just a mere 29.5 watts. The crest factor for the voltage was 1.39 and for the current, 3.96. That is expected as the duty cycle is changed to control the speed. For us home owners, we get charged for the real power consumed. In industrial environments, the power company would penalize you for running with such an awful power factor.
I can’t wait to plug all this in the main panel see what the overall power consumption profile is. I expect the power factor to be closer to one.
Next Steps
Computing C02 emissions is trivial as well as projecting cost of power usage. I would like to have that wired next to the power panel and displayed on the LCD sooner than later. On the other hand, I need figure out the zigbee side of things as well as how to best do the data logging. I can easily purchase another arduino later and focus on getting this prototype soldered on something more permanent.