Arcade Fire has received monetary prizes.
All four of their studio albums have received nominations for the Best Alternative Music Album Grammy ; the band 's work has also been named three times as a shortlist nominee for the Polaris Music Prize : in 2007 for Neon Bible , in 2011 for The Suburbs and in 2014 for Reflektor , winning the award for The Suburbs.
The award was established in 2006 with a $ 20,000 cash prize ; the prize was increased to $ 30,000 for the 2011 award.
