I found a fuse in the owner's manual, in the fuse box on the left side of the dash board:
38 Alarm siren* 5 amp
* Please be aware that if this fuse is not intact, or if it is removed, the alarm will sound.
But your real problem is the alarm control module. It probably needs to be replaced. The bad news is, it is between the fender and fender liner on the front passenger side. Lots of labor and pop rivits to get the inner fender off/on.
Moisture or a leaking battery destroys the circuit board. I would probably assume that in your case it is the battery that is leaking.
Dealer fix is around $500!!
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My back feels better when I sit in a Volvo seat
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