One of key parameters on lightning protection system design of electric, information and communication system is grounding impedance. Earth impedance includes numerous information about earthing performance of grounding system. This paper suggests grounding impedance measuring device which is comprised of wideband current source, voltage and current measuring components. We used IQ Demodulation to measure more accurate phase difference of voltage and current. The range of frequency is up to 1 MHz that is IEEE defined as the range of lightning surge. We compared developed grounding impedance measuring device with existing one to test its performance, and we used grounding system while we implemented measurement and analysing by using fall of potential method IEEE Std.81 proposed.