paragraph_module.php

<?php
/**
 * Implements hook_theme_registry_alter().
 */

function MODULENAME_theme_registry_alter(&$theme_registry) {
  // Defined path to the current module.
  $module_path = drupal_get_path('module', 'MODULENAME');
  $module_path .= '/templates';

  // Find all .tpl.php files in this module's folder recursively.
  $template_file_objects = drupal_find_theme_templates($theme_registry, '.tpl.php', $module_path);
  // Iterate through all found template file objects.

  foreach ($template_file_objects as $key => $template_file_object) {
    // If the template has not already been overridden by a theme.
    $theme_registry[$key]['theme path'] = $module_path;
    $theme_registry[$key] = array_merge($theme_registry[$key], $template_file_object);
    $theme_registry[$key]['type'] = 'module';
  }

}