Abstract: The present inventive concepts comprise a connected, intelligent transfer switch system that permits remote metering, monitoring and control of energy sources connected to a device both by hardwired and wireless connection, and the method for operating this system is disclosed. The inventive concepts represent a significant improvement upon existing transfer switch systems by incorporating advanced monitoring and control capabilities of all energy resources connected to a building, such as fossil-fuel powered generators, battery storage systems, solar photovoltaic arrays, wind turbines, utility grid connections, controllable loads, or other technologies which generate, store or consume energy. The inventive concepts further provide means for flexible and intelligent operation of these resources through a dedicated network communication connection which enables advanced operational decision-making to determine optimal switching actions and real-time interaction through user-facing digital interfaces.