Powershell Script - Change Password in Clear Text

Is there a way to change this local admin script so that the password is not in clear text but rather a hash or more secure? So for Example if my default local admin password is Welcome1$ and i want to keep it that way but yet not show this in clear text how can i alter this script to change that? I am planning on pushing this script via Intune to all my newly enrolled machines.

$Username = "Admin"
$Password = 'Welcome1'

$group = "Administrators"

$adsi = [ADSI]"WinNT://$env:COMPUTERNAME"
$existing = $adsi.Children | where {$_.SchemaClassName -eq 'user' -and $_.Name -eq $Username }

if ($existing -eq $null) {

    Write-Host "Creating new local user $Username."
    & NET USER $Username $Password /add /y /expires:never
    
    Write-Host "Adding local user $Username to $group."
    & NET LOCALGROUP $group $Username /add

}
else {
    Write-Host "Setting password for existing local user $Username."
    $existing.SetPassword($Password)
}

Write-Host "Ensuring password for $Username never expires."
& WMIC USERACCOUNT WHERE "Domain='$env:ComputerName'AND Name='$usr'" SET PasswordExpires=FALSE

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