Remote installing SQL Server 2017 Express fails due to insufficient rights

I am currently working on a script that installs SQL Server Express remotely via PowerShell. When I am executing the script the SQL installation exits with the error code -2068774911 (There was an error generating XML document -Access denied).

My code looks like this:

$hostIP = "192.168.0.3"
$userName = "Administrator"
$userPW = "Password"

$password = $userPW | ConvertTo-SecureString -AsPlainText -Force
$credential = New-Object System.Management.Automation.PSCredential($userName, $password)
$PSSession = New-PSSession -ComputerName $hostIP -Credential $credential -ErrorAction Stop

$retVal = Invoke-Command -Session $PSSession -ScriptBlock {
    $workingDir = "C:\SW\VeeamInstall"
    $SQLFilesPath = "$workingDir\Prequisites\MSSQL2012EXPSP3"
    $FIlePathSQLExpress12 = "$SQLFilesPath\SQLEXPR_x64_ENU.exe"
    $FilePathSQLConfigFile = "$SQLFilesPath\ConfigurationFile.ini"

    $process = Start-Process -FilePath $FIlePathSQLExpress12 -ArgumentList  "/q /ConfigurationFile=$FilePathSQLConfigFile" -Verb RunAs -PassThru -Wait
    return $process.ExitCode
}

Write-Host $retVal

SQL Installation Summary:

Overall summary:
  Final result:                  Failed: see details below
  Exit code (Decimal):           -2068774911
  Exit facility code:            1201
  Exit error code:               1
  Exit message:                  There was an error generating the XML document.
  Start time:                    2019-03-11 13:47:12
  End time:                      2019-03-11 13:47:31
  Requested action:              Install
  Exception help link:           https://go.microsoft.com/fwlink?LinkId=20476&ProdName=Microsoft+SQL+Server&EvtSrc=setup.rll&EvtID=50000&ProdVer=14.0.1000.169&EvtType=0xE0C083E6%400xF80B8030&EvtType=0xE0C083E6%400xF80B8030

Setup completed with required actions for features.
Troubleshooting information for those features:
  Next step for SQLEngine:       SQL Server Setup was canceled before completing the operation. Try the setup process again.
  Next step for ComponentUpdate: SQL Server Setup was canceled before completing the operation. Try the setup process again.
  Next step for SNAC:            SQL Server Setup was canceled before completing the operation. Try the setup process again.
  Next step for SNAC_SDK:        SQL Server Setup was canceled before completing the operation. Try the setup process again.
  Next step for Writer:          SQL Server Setup was canceled before completing the operation. Try the setup process again.
  Next step for Browser:         SQL Server Setup was canceled before completing the operation. Try the setup process again.


Machine Properties:
  Machine name:                  BKP-SRV
  Machine processor count:       2
  OS version:                    Microsoft Windows Server 2012 R2 Standard (6.3.9600)
  OS service pack:               
  OS region:                     United States
  OS language:                   English (United States)
  OS architecture:               x64
  Process architecture:          64 Bit
  OS clustered:                  No

Product features discovered:
  Product              Instance             Instance ID                    Feature                                  Language             Edition              Version         Clustered  Configured

Package properties:
  Description:                   Microsoft SQL Server 2017 
  ProductName:                   SQL Server 2017
  Type:                          RTM
  Version:                       14
  SPLevel:                       0
  Installation location:         C:\Users\Administrator\Documents\SQLEXPR_x64_ENU\x64\setup\
  Installation edition:          Express

Product Update Status:
  User selected not to include product updates.

User Input Settings:
  ACTION:                        Install
  ADDCURRENTUSERASSQLADMIN:      true
  AGTSVCACCOUNT:                 NT AUTHORITY\NETWORK SERVICE
  AGTSVCPASSWORD:                *****
  AGTSVCSTARTUPTYPE:             Disabled
  ASBACKUPDIR:                   Backup
  ASCOLLATION:                   Latin1_General_CI_AS
  ASCONFIGDIR:                   Config
  ASDATADIR:                     Data
  ASLOGDIR:                      Log
  ASPROVIDERMSOLAP:              1
  ASSERVERMODE:                  TABULAR
  ASSVCACCOUNT:                  
  ASSVCPASSWORD:                 
  ASSVCSTARTUPTYPE:              Automatic
  ASSYSADMINACCOUNTS:            
  ASTELSVCACCT:                  
  ASTELSVCPASSWORD:              
  ASTELSVCSTARTUPTYPE:           0
  ASTEMPDIR:                     Temp
  BROWSERSVCSTARTUPTYPE:         Disabled
  CLTCTLRNAME:                   
  CLTRESULTDIR:                  
  CLTSTARTUPTYPE:                0
  CLTSVCACCOUNT:                 
  CLTSVCPASSWORD:                
  CLTWORKINGDIR:                 
  COMMFABRICENCRYPTION:          0
  COMMFABRICNETWORKLEVEL:        0
  COMMFABRICPORT:                0
  CONFIGURATIONFILE:             C:\SW\VeeamInstall\Prequisites\MSSQL2012EXPSP3\ConfigurationFile.ini
  CTLRSTARTUPTYPE:               0
  CTLRSVCACCOUNT:                
  CTLRSVCPASSWORD:               
  CTLRUSERS:                     
  ENABLERANU:                    true
  ENU:                           true
  EXTSVCACCOUNT:                 
  EXTSVCPASSWORD:                
  FEATURES:                      SQLENGINE, SNAC_SDK
  FILESTREAMLEVEL:               0
  FILESTREAMSHARENAME:           
  FTSVCACCOUNT:                  
  FTSVCPASSWORD:                 
  HELP:                          false
  IACCEPTPYTHONLICENSETERMS:     false
  IACCEPTROPENLICENSETERMS:      false
  IACCEPTSQLSERVERLICENSETERMS:  true
  INDICATEPROGRESS:              false
  INSTALLSHAREDDIR:              C:\Program Files\Microsoft SQL Server
  INSTALLSHAREDWOWDIR:           C:\Program Files (x86)\Microsoft SQL Server
  INSTALLSQLDATADIR:             
  INSTANCEDIR:                   C:\Program Files\Microsoft SQL Server
  INSTANCEID:                    VEEAMSQL2012
  INSTANCENAME:                  VEEAMSQL2012
  ISMASTERSVCACCOUNT:            NT AUTHORITY\Network Service
  ISMASTERSVCPASSWORD:           
  ISMASTERSVCPORT:               8391
  ISMASTERSVCSSLCERTCN:          
  ISMASTERSVCSTARTUPTYPE:        Automatic
  ISMASTERSVCTHUMBPRINT:         
  ISSVCACCOUNT:                  NT AUTHORITY\Network Service
  ISSVCPASSWORD:                 
  ISSVCSTARTUPTYPE:              Automatic
  ISTELSVCACCT:                  
  ISTELSVCPASSWORD:              
  ISTELSVCSTARTUPTYPE:           0
  ISWORKERSVCACCOUNT:            NT AUTHORITY\Network Service
  ISWORKERSVCCERT:               
  ISWORKERSVCMASTER:             
  ISWORKERSVCPASSWORD:           
  ISWORKERSVCSTARTUPTYPE:        Automatic
  MATRIXCMBRICKCOMMPORT:         0
  MATRIXCMSERVERNAME:            
  MATRIXNAME:                    
  MRCACHEDIRECTORY:              
  NPENABLED:                     0
  PBDMSSVCACCOUNT:               
  PBDMSSVCPASSWORD:              
  PBDMSSVCSTARTUPTYPE:           0
  PBENGSVCACCOUNT:               
  PBENGSVCPASSWORD:              
  PBENGSVCSTARTUPTYPE:           0
  PBPORTRANGE:                   
  PBSCALEOUT:                    false
  PID:                           *****
  QUIET:                         true
  QUIETSIMPLE:                   false
  ROLE:                          AllFeatures_WithDefaults
  RSINSTALLMODE:                 DefaultNativeMode
  RSSVCACCOUNT:                  
  RSSVCPASSWORD:                 
  RSSVCSTARTUPTYPE:              Automatic
  SAPWD:                         
  SECURITYMODE:                  
  SQLBACKUPDIR:                  
  SQLCOLLATION:                  SQL_Latin1_General_CP1_CI_AS
  SQLSVCACCOUNT:                 NT Service\MSSQL$VEEAMSQL2012
  SQLSVCINSTANTFILEINIT:         false
  SQLSVCPASSWORD:                
  SQLSVCSTARTUPTYPE:             Automatic
  SQLSYSADMINACCOUNTS:           BUILTIN\ADMINISTRATORS
  SQLTELSVCACCT:                 NT Service\SQLTELEMETRY$VEEAMSQL2012
  SQLTELSVCPASSWORD:             
  SQLTELSVCSTARTUPTYPE:          Automatic
  SQLTEMPDBDIR:                  
  SQLTEMPDBFILECOUNT:            0
  SQLTEMPDBFILEGROWTH:           -1
  SQLTEMPDBFILESIZE:             -1
  SQLTEMPDBLOGDIR:               
  SQLTEMPDBLOGFILEGROWTH:        -1
  SQLTEMPDBLOGFILESIZE:          -1
  SQLUSERDBDIR:                  
  SQLUSERDBLOGDIR:               
  SUPPRESSPRIVACYSTATEMENTNOTICE: false
  TCPENABLED:                    0
  UIMODE:                        AutoAdvance
  UpdateEnabled:                 false
  UpdateSource:                  MU
  USEMICROSOFTUPDATE:            false
  X86:                           false

  Configuration file:            C:\Program Files\Microsoft SQL Server\140\Setup Bootstrap\Log\20190311_134708\ConfigurationFile.ini

Detailed results:
  Feature:                       Database Engine Services
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

  Feature:                       Setup Support Files
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

  Feature:                       SQL Client Connectivity
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

  Feature:                       SQL Client Connectivity SDK
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

  Feature:                       SQL Writer
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

  Feature:                       SQL Browser
  Status:                        Failed
  Reason for failure:            Setup was canceled for the feature.
  Next Step:                     SQL Server Setup was canceled before completing the operation. Try the setup process again.

Rules with failures:

Global rules:

Scenario specific rules:

Rules report file:               C:\Program Files\Microsoft SQL Server\140\Setup Bootstrap\Log\20190311_134708\SystemConfigurationCheck_Report.htm

Exception summary:
The following is an exception stack listing the exceptions in outermost to innermost order
Inner exceptions are being indented

Exception type: Microsoft.SqlServer.Chainer.Infrastructure.ChainerInfrastructureException
    Message: 
        There was an error generating the XML document.
    HResult : 0x84b10001
        FacilityCode : 1201 (4b1)
        ErrorCode : 1 (0001)
    Data: 
      DisableWatson = true
    Stack: 
        at Microsoft.SqlServer.Chainer.Infrastructure.DataStoreService.SerializeObject(String rootPath, Object objectToSerialize, Boolean saveToCache)
        at Microsoft.SqlServer.Chainer.Infrastructure.InputSettingService.CalculateSettings(IEnumerable`1 settingIds)
        at Microsoft.SqlServer.Chainer.Infrastructure.InputSettingService.CalculateAllSettings(Boolean chainerSettingOnly)
        at Microsoft.SqlServer.Configuration.SetupExtension.FinalCalculateSettingsAction.ExecuteAction(String actionId)
        at Microsoft.SqlServer.Chainer.Infrastructure.Action.Execute(String actionId, TextWriter errorStream)
        at Microsoft.SqlServer.Setup.Chainer.Workflow.ActionInvocation.c__DisplayClasse.b__b()
        at Microsoft.SqlServer.Setup.Chainer.Workflow.ActionInvocation.ExecuteActionHelper(ActionWorker workerDelegate)
    Inner exception type: System.InvalidOperationException
        Message: 
                There was an error generating the XML document.
        HResult : 0x80131509
        Stack: 
                at System.Xml.Serialization.XmlSerializer.Serialize(XmlWriter xmlWriter, Object o, XmlSerializerNamespaces namespaces, String encodingStyle, String id)
                at System.Xml.Serialization.XmlSerializer.Serialize(TextWriter textWriter, Object o, XmlSerializerNamespaces namespaces)
                at Microsoft.SqlServer.Chainer.Infrastructure.DataStoreService.SerializeObject(String rootPath, Object objectToSerialize, Boolean saveToCache)
        Inner exception type: System.Security.Cryptography.CryptographicException
            Message: 
                        Access is denied.

            HResult : 0x80070005
            Stack: 
                        at System.Security.Cryptography.ProtectedData.Protect(Byte[] userData, Byte[] optionalEntropy, DataProtectionScope scope)
                        at Microsoft.SqlServer.Common.SqlSecureString.WriteXml(XmlWriter writer)
                        at Microsoft.Xml.Serialization.GeneratedAssembly.XmlSerializationWriterAgentConfigurationPublic.Write6_AgentConfigurationPublic(String n, String ns, AgentConfigurationPublic o, Boolean isNullable, Boolean needType)
                        at Microsoft.Xml.Serialization.GeneratedAssembly.XmlSerializationWriterAgentConfigurationPublic.Write7_AgentConfigurationPublic(Object o)