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Universal Substitute. Fat-free half-and-half is a suitable substitute for heavy whipping cream in almost any situation. It is considerably healthier with 127 calories, 3 grams of fat, 2 grams of saturated fat and 6 grams of protein per fluid cup. Like 1 percent milk, fat-free half-and-half whips into a fluffy topping.
For a low-fat, low-carb alternative to whipping cream, whisk together 1 cup of low-fat or fat-free milk with 2 tbsp. of cornstarch. When combined, continue whisking and add 1 tbsp. flour. You can also use almond or rice milk. This substitute works best in recipes that call for whipping cream as a thickening agent.