131017-0836 EDT
MasterE:
GoldDigger's suggestion of ammeters is probably the least cost way. And as he pointed out current is more important than power.
I would think that you want the monitoring in the home, and not at the generator.
How is this customer going to balance load?
If you do not overload current in either side, then balance probably does not matter in your application. Apparently this is for seldom used emergency power.
A TED (The Energy Detective) would work. I liked the system design of the 1000 system better than the 5000 system. The 1000 is no longer made. Both had/have problems with non-unity power factor, but this is not serious in your application. The TED system just can not be used to prove that a power factor correction capacitor is of no value in a home.
The TED 5000 can output both power and VA, but this is only one measurement, both phases are combined into one measurement, not two as might be implied by two current transformers. However, for balancing purposes one current transformer could be shorted at a time to allow monitoring of the other phase.
TED uses PLC (power line communication), a dumb idea, but it can be worked with by the use of filters, and limiting the communication region.
I have to continue to complain about the timeout problem on this forum.
.