Systems and methods for dynamic AC line voltage regulation are provided. A simple and cost-effective method for achieving AC line voltage regulation in AC systems including split-phase systems, of which the voltage for each voltage line may be regulated over a specified range, is provided. Buck and boost regulation is achieved for lowering or increasing the line voltage, respectively, with reference to the incoming grid voltage. Systems for dynamic AC line voltage regulation may comprise an AC/AC converter which uses fractionally rated switches and magnetics that handle only a fraction of the load current, resulting in lower costs. The use of an AC snubber further provides safe and robust switching of the main switching devices by eliminating failure prone switching sequences that are dependent on accurate assessment of voltage and/or current polarity for AC or bi-directional switches.