Using finite temperature diagonalization techniques, it is shown that the q
uarter-filled t-J-V model on a trellis lattice structure provides a quantit
ative explanation of the highly anisotropic optical conductivity of the (al
pha'-NaV2O5 compound. The combined effects of the short-range Coulomb inter
action and valence fluctuations of V ions determine the main absorption and
the fundamental gap. Interladder hopping is necessary for the explanation
of the anomalous in-gap absorption and generation of spectral weight at hig
h energy. The role of valence fluctuations is explained in terms of the dom
ain wall excitations of an anisotropic two-dimensional Ising model in a tra
nsverse field close to criticality.