diff --git a/comfy/cli_args.py b/comfy/cli_args.py
index e79b89c0f0d..72fce10872f 100644
--- a/comfy/cli_args.py
+++ b/comfy/cli_args.py
@@ -62,6 +62,13 @@ def __call__(self, parser, namespace, values, option_string=None):
 fpvae_group.add_argument("--fp32-vae", action="store_true", help="Run the VAE in full precision fp32.")
 fpvae_group.add_argument("--bf16-vae", action="store_true", help="Run the VAE in bf16.")
 
+fpte_group = parser.add_mutually_exclusive_group()
+fpte_group.add_argument("--fp8_e4m3fn-text-enc", action="store_true", help="Store text encoder weights in fp8 (e4m3fn variant).")
+fpte_group.add_argument("--fp8_e5m2-text-enc", action="store_true", help="Store text encoder weights in fp8 (e5m2 variant).")
+fpte_group.add_argument("--fp16-text-enc", action="store_true", help="Store text encoder weights in fp16.")
+fpte_group.add_argument("--fp32-text-enc", action="store_true", help="Store text encoder weights in fp32.")
+
+
 parser.add_argument("--directml", type=int, nargs="?", metavar="DIRECTML_DEVICE", const=-1, help="Use torch-directml.")
 
 parser.add_argument("--disable-ipex-optimize", action="store_true", help="Disables ipex.optimize when loading models with Intel GPUs.")
diff --git a/comfy/model_management.py b/comfy/model_management.py
index be4301aa4e3..d4acd8950ca 100644
--- a/comfy/model_management.py
+++ b/comfy/model_management.py
@@ -482,6 +482,21 @@ def text_encoder_device():
     else:
         return torch.device("cpu")
 
+def text_encoder_dtype(device=None):
+    if args.fp8_e4m3fn_text_enc:
+        return torch.float8_e4m3fn
+    elif args.fp8_e5m2_text_enc:
+        return torch.float8_e5m2
+    elif args.fp16_text_enc:
+        return torch.float16
+    elif args.fp32_text_enc:
+        return torch.float32
+
+    if should_use_fp16(device, prioritize_performance=False):
+        return torch.float16
+    else:
+        return torch.float32
+
 def vae_device():
     return get_torch_device()
 
diff --git a/comfy/sd.py b/comfy/sd.py
index 65d94f46ecc..c3cc8e72080 100644
--- a/comfy/sd.py
+++ b/comfy/sd.py
@@ -95,10 +95,7 @@ def __init__(self, target=None, embedding_directory=None, no_init=False):
         load_device = model_management.text_encoder_device()
         offload_device = model_management.text_encoder_offload_device()
         params['device'] = offload_device
-        if model_management.should_use_fp16(load_device, prioritize_performance=False):
-            params['dtype'] = torch.float16
-        else:
-            params['dtype'] = torch.float32
+        params['dtype'] = model_management.text_encoder_dtype(load_device)
 
         self.cond_stage_model = clip(**(params))