In all of the foregoing comments, they all revolve around a possible electrical fault, and while that may well be part of the problem, there are other areas which the alarm panel covers, not least of which is engine temperature. Unfortunately my engine manual is onboard my boat this week, so I’m trying to brush away some of the dust in my mind to remember what else would cause an alarm to sound.
Apart from
1. low output from the alternator, there is also
2. Low Oil pressure
3. High engine temperature,
and of course there may be an intermittent electrical supply to the alarm panel which presumably might cause the odd bleep from the alarm system.
Some years ago I had a high temperature alarm which was also somewhat intermittent where I thought there was a fault with the alarm panel itself such that I bought a replacement panel from “Coastal Rides” in Dover, and that seemed to work rather better than the original panel. However it also told me that I had a problem with the raw water cooling system. I had bought the boat second hand, and each year I had changed the raw water pump impeller. Each of the old impellers that I took off I had inspected and thought “well there’s nothing obviously wrong with it, but hey ho its out now so bung in a new one and close up the pump and we are ready to go again.” But I had also noticed that the exhaust overboard was showing something which I wasn't sure whether it was smoke or steam. Then I did get a high temperature alarm, and during investigations I removed the rubber elbow at the cooling water inlet to the heat exchanger and found several pieces of broken off impeller vane plus bits of barnacle shell which must have passed through the water filter, through the pump and were caught at the entrance to the heat exchanger tube nest, and thereby resulting in the engine high temperature alarm. Once all of those bits were removed, I guessed they must have prevented water from flowing freely through some 80% of the tubes, the high temperature alarm did not sound off any more, and the vapour from the engine overboard exhaust was now clear and indicated that what I had seen previously had been steam.
So my point is that the entrance to the tube nest for the cooling water is another area to check to make sure the tubes are not blocked.