Packaged air-conditioning systems, such as rooftop units (RTUs), are widely used in small commercial buildings in the United States. Although new regulations and standards require new air-conditioning equipment to have multi-speed supply fan operation, most of the installed units employ fixed-speed supply fans. The electrical energy usage associated with constant volumetric air delivery fan systems is on the order of half the total RTU electrical energy usage because supply fans operate continuously during the occupied periods in commercial buildings for ventilation. In addition, compressors within RTUs typically feature single- or two-stage capacity controls leading to frequent unit cycling and thus, deteriorated performance in energy efficiency. This paper presents relatively comprehensive assessment results for three RTU variable-speed retrofit options: 1) retrofits of fixed-speed supply fans with variable-speed fans for single-compressor-speed units, 2) replacement of existing fixed-speed RTUs with RTUs having two-speed compressors with variable-speed supply fans and 3) retrofits of RTUs with new RTUs that incorporate variable-speed compressors and fans (indoor and outdoor). The assessment study involves parametric simulations across different building types and locations in the U.S. to understand the performance variation with respect to location and building use. Performance improvements in terms of energy efficiency, operation cost and indoor comfort delivery for the various retrofit options are demonstrated compared to conventional single-stage RTUs with constant speed supply fans. The assessment results show that all three retrofit options offer significant fan energy savings, but much smaller savings potential for compressor and condenser fan electricity consumption. The variable-speed-unit retrofit provides the highest cost savings potentials, ranging from 40 to 250 $ per rated cooling ton per year depending on the building type and location. In addition to efficiency and economic benefits, the two-stage-unit and variable-speed-unit retrofits also lead to improved indoor humidity regulation performance due to reduced unit cycling. (C) 2018 Elsevier B.V. All rights reserved.