Distribution transformer system and methods thereof

This disclosure relates to monitoring operational parameters of a distribution transformer and an associated surge arrester, and methods of retrofitting the distribution transformer with a transformer parameter monitoring (TPM) system. The TPM system can include a plurality of sensors. A subset of the plurality of sensors can be configured to monitor one or more physical properties of a distribution transformer, and another subset of the plurality of sensors can be configured to monitor a surge arrester associated with the distribution transformer. The TPM system can further include a controller that can be configured to receive captured sensor data from the plurality of sensors, and a communications interface that can be configured to communicate the captured sensor data to a remote system for evaluation thereof to determine one or more operational parameters of the distribution transformer and an amount of deterioration of the surge arrester.