I had the same issue two years ago. I ended up finding pinholes, from rust, on the reservoir that i had cleaned up and welded. Worked for a while then the light came back on, and I ended having to replace the air dryer next to the air compressor. I did it myself, not cheap or easy. Several months later the compressor gave out from rusted fittings on the top of the air shocks. Between the frustration and cost of having one thing after the next to deal with, I reconsidered having to continue to fix a domino effect, so...
Finally I just converted the entire suspension over to coil spring. Took me about 2hrs to change over the air shocks to coil springs and install the module. Haven't had any issues, or lights on the instrument panel. The ride isn't as smooth, with all terrain tires, I like it and for the cost I cannot complain. I purchased the conversion kit at Atlantic British, but Lucky8 offers a similar kit also.