High global warming potential gases (“high GWP”) are the fastest growing sector of greenhouse gas emissions in the world and in California and are primarily used as refrigerant gases in refrigeration and cooling equipment. Hydrofluorocarbons (HFCs) refrigerants are the dominant type of high GWP gases with GWP values thousands of times larger than CO2 on a 100-year timescale. Refrigerant-grade propane (“R290”) has a very low GWP (GWP = 3.3) with good thermodynamic properties and good cooling equipment performance but the flammability of any leaked refrigerant makes equipment design, handling, and maintenance critical factors to manage. This paper focuses on the potential climate benefits and costs of transitioning to R290 refrigerant in small room air conditioning (AC) units, specifically window AC, packaged terminal AC/heat pumps (PTAC/PTHP), and mini-split heat pumps. Overall climate impact for a transition to all three types of air conditioning units in the 2022–2051 timeframe is found to be from 15 to 64 million metric tons of greenhouse gas (GHG) savings in California with a cost of saved CO2eq that ranges from $14.50 per ton of CO2eq saved to −$50.30 per ton of CO2eq saved (net savings) depending on whether the baseline refrigerant is R32 or R410A and depending on the relative energy efficiency for R290 units compared to baseline units.