diff --git a/scripts/convert_original_stable_diffusion_to_diffusers.py b/scripts/convert_original_stable_diffusion_to_diffusers.py
index b90737892815..20228582e9e2 100644
--- a/scripts/convert_original_stable_diffusion_to_diffusers.py
+++ b/scripts/convert_original_stable_diffusion_to_diffusers.py
@@ -14,6 +14,7 @@
 # limitations under the License.
 """ Conversion script for the LDM checkpoints. """
 
+import torch
 import argparse
 
 from diffusers.pipelines.stable_diffusion.convert_from_ckpt import download_from_original_stable_diffusion_ckpt
@@ -123,6 +124,7 @@
     parser.add_argument(
         "--controlnet", action="store_true", default=None, help="Set flag if this is a controlnet checkpoint."
     )
+    parser.add_argument("--half", action="store_true", help="Save weights in half precision.")
     args = parser.parse_args()
 
     pipe = download_from_original_stable_diffusion_ckpt(
@@ -143,6 +145,9 @@
         controlnet=args.controlnet,
     )
 
+    if args.half:
+        pipe.to(torch_dtype=torch.float16)
+
     if args.controlnet:
         # only save the controlnet model
         pipe.controlnet.save_pretrained(args.dump_path, safe_serialization=args.to_safetensors)