The electronic structure of the spin-Peierls (SP) system NaV2O5 is calculat
ed within both the local(-spin)-density approximation and on-site Coulomb c
orrelation U correction. The narrow band structure due to the strong deform
ation of VO5 pyramids in NaV2O5 indicates the one-dimensional property of t
his ladder compound and the quarter-filled V d(xy) orbital character. The S
P lattice distortion could be reflected by the result that an assumed dimer
ization distortion of 0.15 Angstrom for the V chains opens a tiny gap. The
gap is increased up to 0.49 eV in the antiferromagnetic state by the enhanc
ed exchange splitting of the d(xy) orbital. A strong correlation correction
with U-dd = 2.8 eV gives a d-d transition gap of 0.60 eV and a full spin p
olarization of 1 mu(B) for the d(xy) state of the V-V rungs. A good agreeme
nt with the angle-resolved photoemission spectrum of NaV2O5 leads us to a c
lassification of this compound as a d-d transition insulator rather than a
charge-transfer one. [S0163-1829(99)00524-X].