I agree with all of the above.
The best you can do it is keep it outside for the summer and then bring it back in for the winter.
What zone are you? Where do you live? Do you have a sun room?
In my opinion--any light you can shine on it will never come close to the "real thing" outside.
And--NO WAY you can duplicate the humidity palms require.
Many people buy Majesty Palms just for decoration outside--around their pools, ponds, etc.
Then--they let them die come winter... As DrDawg said--these are Outdoor Plants.
Gita