How low do you require to go?
I would use a transformer which has 120V/240V windings as a 1:2 autotransformer to double the input voltage to the meter.
IMPORTANT: you will only be doubling the voltage to the meter, not to the load.
That way, your meter will be able to read down to 40V, and you simple divide by two the watts readout.
There are (more expensive) machine tool transformers with ratios as high as 100V/600V, which would allow you to sextuple the output voltage, and read all the way down to 13 volts.
CAREFUL when turning the voltage back up!!