A: Each PACE cycle begins on January 1st of an even year and ends on December 31 of the following odd year. Credits earned during one PACE cycle cannot be applied to another cycle. For example, the 2018-2019 PACE cycle began on January 1, 2018 and ends on December 31, 2019. The next cycle begins on January 1, 2020 and ends on December 31, 2021. Any credits earned during the 2018-2019 PACE cycle cannot roll-over to the 2020-2021 PACE cycle.