A transfer switch and load controller that can be plugged into an existing utility meter socket and electrically positioned between the meter socket and a distribution panel to allow switching between utility power and standby power. The plug-in transfer switch functions to transfer the power supplied to a home between the utility power source and the generator power source upon loss of power from the utility power source. The transfer switch components are contained in an enclosed housing of a meter socket adapter that is mounted directly to the meter socket of a meter housing. The meter socket adapter is prewired to a standby generator such that the standby generator can be connected to a home power system by plugging the meter socket adapter into the meter socket.