Follow the test procedures in this article on serpentine belts. My first guess is bad tensioner, but don't guess, test.
http://ricksfreeautorepairadvice.com/dia...
The tensioner is just a pulley on a bearing. Take the belt off and see if the bearing is still good. If so, it is probably something else, like the AC compressor, alternator or some other belt driven unit like power steering.
http://ricksfreeautorepairadvice.com/dia... follow the bezt procesures in the article on serpentine belts.
When I turn run my engine there's no squeak but when I turn on my ac it squeaks bad and I have to floor it a lot to get it to stop. Would this be the belt tensioner or the ac compressor clutch?