Yep, it sure can. Simply enter an inverter capacity that is smaller than your array capacity: How do I enter the Inverter's AC capacity?
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Here is an example of Array Capacity (45 kW) and Inverter Capacity (30 kW) inputs and the output (Hourly Energy Balance) calculated for these inputs.

How Overdriving Works in PVsell
If you fill out the "Inverter AC Capacity" field (in case the inverter is smaller than the PV array), PVsell will then constrain the system output when it exceeds the inverter's capacity.
What does Overdriving affect?
Hourly solar output
The array output is capped at the inverter capacity.
Annual solar output
Less energy is produced in some hours of the day.
LCOE
Overdriving affects LCOE (levelised cost of electricity) as less energy is produced.
LGC
Inverter limitation also affects LGC revenue as less energy is produced.
Explore the Results section to learn how PVsell calculates and shows output for your projects:
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