Yes, what
@reasonsandreasons and
@T_Minus said! Pull one CPU and the corresponding memory and see how much it saves. Switching to a v4 CPU will give you a bit better idle behavior, but it won't get you a ton of savings. But, if you do decide to try a v4 CPU, E5 -26xx of that generation had two different dies: up through 10 Cores had a smaller die than the 12-20 core models and idle on a bit less power. Although again, not a big difference.
"L" series processors just help at the top end, not with idle really. In fact, there's folks that believe that most processors that get binned as an "L" are because they aren't stable at the higher frequencies, and many aren't as stable at lower end either so they tend to clock higher at idle and ramp up a bit for no reason. So, folks in that camp will argue that an "L" series CPU will actually draw more power at idle than a standard one. Who knows? But, the reality is that in a home server that's on 24/7 it will spend a lot more time at idle than not, so a non-L, standard, CPU is usually going to be fine.
My NAS: has a single processor workstation board, so no BMC/IPMI, which saves a small amount on the power draw. Its in a desktop case with two super slow 140mm fans and a "big chunk of metal" CPU Cooler with its own slow moving fans for the reason
@Stephan mentions above...mostly silent. But between that and the 80+ Platinum partial zero RPM PSU, there's not a lot of power draw from the cooling solution. 32GB of RAM currently in two 16GB sticks (recently reduced from 64).
Even with only one CPU installed, your dual CPU motherboard is going to draw a bit more power than a UP board simply because there's more mass to push power through. But it won't be much more really. Probably not enough difference to go out and buy something else if you are sticking with E5s. IPMI, which I assume you have with a DP system, will be a bigger factor. Supermicro are kind of powerhungry, and I understand IPMI adds 6-7 watts for the generation board you have. ASRock is a bit less, and I don't know about other brands. Again, not enough to run out and buy something else if you're sticking with a 2011 platform. If your system is rackmount and you're running redundant PSUs, you can save a bit by pulling one. There's an article on it on the main site about it. Of course, you'd loose redundancy. And if you're rackmount, the much more capable cooling solution will draw more power than a couple big consumer fans like I'm running.
For now, try pulling a CPU and (at least) half the RAM. I bet you see an immediate difference.