Energy demand will continue to rise as a result of predicted population growth. In this work, a user-friendly home energy monitoring system based on IoT is described, which is capable of collecting, analyzing, and displaying data. Users register their sensors and devices on the monitoring platform. PostgreSQL and Elasticsearch databases are used to store the resulting measurements. In a smart home, the wireless sensor ACS712 was used to monitor the flow of electricity (current and voltage) for a household device. The user can share data about electricity consumption and costs with a third party via the private IPFS (InterPlanetary File System) network. A third party can download all the energy consumption data for a device or many devices from the platform for 1 day, 3 months, 6 months, and 1 year. The studies on the development of energy-efficient technology for home devices benefit greatly from the gathered data. For security in the system, it is preferred to run Keyrock Idm, Wilma Pep Proxy, and Orion Context Broker in HTTPS mode, and MQTTS is used to retrieve sensor data. The experimental results showed that the energy monitoring system accurately records voltage, current, active power, and the total amount of power used and offers low-cost solutions to the users using household devices in a day.