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This paper proposes an energy and spectrum efficient IoT network for 5G systems where spectrum is shared with the cellular system for spectrum efficiency and energy harvesting and energy transfer are utilized for energy efficiency. The IoT network, which consists of sensor nodes and a cluster head with a reliable energy source, reuses part of the cellular band whenever the cellular network does not utilize it. The cluster head performs spectrum sensing, random scheduling of the sensor nodes, and schedules some idle time for energy transfer. The sensor nodes harvest RF energy from the cellular traffic and the transferred energy from the cluster head. Provided the sensor nodes have sufficient energy, they transmit collected sensory data when scheduled. The inter-play between the cellular and IoT network introduces trade-offs between the spectrum availability, energy availability, information, and energy transfer …