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Here in California this type of system is very common, It is usually used in conjunction with a Heatpump for economy but is often found as a stand alone unit. Some places here we have whole tracts of houses that are all electric...Usually built in the early to mid 70's (Think Oil Shortage....nat gas vs. electric)
As far as heating goes it does an adequate job as long as it is properly sized. I would guess that it is if it were the original system
in the house..... If you would rather have gas or propane you could always switch out the air handler if either is available. Definitely a job for someone in the field though.
The biggest drawback is the cost of the electricity (possibility of a skewed world view due to CA power idiocy) 40 amps @ 220v for 8.8kw means more than a buck an hour at 12 cents per kwh here
Pray for sun.....good luck
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